Customs amendment alters tariff treatment by omitting a proviso clause, affecting duty rates on vegetable fats and oils. Notification 123/2007-Customs removes proviso clause (iab) from the preamble of Notification No.21/2002-Customs, thereby amending the effective rate framework for customs duty on 'vegetable fats and oils'. The Central Government made the change under powers conferred by the Customs Act on grounds of public interest as a further modification to the principal notification of 1 March 2002.
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Customs amendment alters tariff treatment by omitting a proviso clause, affecting duty rates on vegetable fats and oils.
Notification 123/2007-Customs removes proviso clause (iab) from the preamble of Notification No.21/2002-Customs, thereby amending the effective rate framework for customs duty on "vegetable fats and oils". The Central Government made the change under powers conferred by the Customs Act on grounds of public interest as a further modification to the principal notification of 1 March 2002.
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