Reduction in duty of Oil - Amendments in the Notification No. 21/2002-Customs, dated the 1st March, 2002 Exemption and effective rate of basic and additional duty for specified goods - 74/2008 - Customs -Tariff
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Reduction in oil import duty: specified petroleum goods now attract reduced basic customs duty under amended notification. Amendment to Notification No. 21/2002-Customs revises the table of exemptions and effective duty rates for petroleum goods: it omits several serial entries, substitutes revised duty entries for certain serial numbers, and inserts a new entry 77B covering tariff headings 2710-2715 imposing a reduced basic duty on all goods except those specifically listed elsewhere, thereby altering the schedule of exemptions and effective duty incidence under section 25(1) of the Customs Act, 1962.
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Provisions expressly mentioned in the judgment/order text.
Reduction in oil import duty: specified petroleum goods now attract reduced basic customs duty under amended notification.
Amendment to Notification No. 21/2002-Customs revises the table of exemptions and effective duty rates for petroleum goods: it omits several serial entries, substitutes revised duty entries for certain serial numbers, and inserts a new entry 77B covering tariff headings 2710-2715 imposing a reduced basic duty on all goods except those specifically listed elsewhere, thereby altering the schedule of exemptions and effective duty incidence under section 25(1) of the Customs Act, 1962.
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