Rescinds Notification No. 59/2010-Customs, dated the 10th May, 2010 - Regarding exemption to Raw cotton from customs duty under Second Schedule - 107/2010 - Customs -Tariff
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Rescission of tariff exemption for raw cotton removes prior customs duty relief, subject to actions already completed. The Central Government, invoking statutory power under the Customs Act and acting in public interest, rescinds Notification No. 59/2010 that exempted raw cotton from customs duty; the rescission is prospective and preserves prior acts or omissions done before the rescission so those completed transactions remain governed by the earlier exemption.
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Provisions expressly mentioned in the judgment/order text.
Rescission of tariff exemption for raw cotton removes prior customs duty relief, subject to actions already completed.
The Central Government, invoking statutory power under the Customs Act and acting in public interest, rescinds Notification No. 59/2010 that exempted raw cotton from customs duty; the rescission is prospective and preserves prior acts or omissions done before the rescission so those completed transactions remain governed by the earlier exemption.
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