Customs tariff adjustment increases the ad valorem rate under an existing exemption notification, altering its operative rate. The Central Government, exercising powers under the Customs Act, amends Notification No. 364-Customs (20th December 1985) by substituting the prior ad valorem rate with 35 per cent ad valorem, stating the change is made in the public interest and leaving other notification terms unchanged.
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Customs tariff adjustment increases the ad valorem rate under an existing exemption notification, altering its operative rate.
The Central Government, exercising powers under the Customs Act, amends Notification No. 364-Customs (20th December 1985) by substituting the prior ad valorem rate with 35 per cent ad valorem, stating the change is made in the public interest and leaving other notification terms unchanged.
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