Tariff exemption rate for aluminium ingots amended to a lower ad valorem rate under customs statutory power. Amendment substitutes the ad valorem exemption rate applicable to aluminium ingots under an existing miscellaneous exemption notification by invoking section 25(1) of the Customs Act, 1962, effected through Notification No. 370/86-Cus dated 27 June 1986 to replace the previously specified ad valorem percentage with a lower ad valorem percentage.
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Tariff exemption rate for aluminium ingots amended to a lower ad valorem rate under customs statutory power.
Amendment substitutes the ad valorem exemption rate applicable to aluminium ingots under an existing miscellaneous exemption notification by invoking section 25(1) of the Customs Act, 1962, effected through Notification No. 370/86-Cus dated 27 June 1986 to replace the previously specified ad valorem percentage with a lower ad valorem percentage.
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