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    <title>Prescribes effective rate of basic duty on laboratory chemicals falling under Chapter 98</title>
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    <description>The Central Government, exercising its exemption power under the Customs Act, exempts laboratory chemicals classified in the Customs Tariff First Schedule from that portion of basic customs duty which exceeds the amount calculated at a prescribed ad valorem rate, thereby capping the effective basic duty payable on those imported laboratory chemicals.</description>
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      <description>The Central Government, exercising its exemption power under the Customs Act, exempts laboratory chemicals classified in the Customs Tariff First Schedule from that portion of basic customs duty which exceeds the amount calculated at a prescribed ad valorem rate, thereby capping the effective basic duty payable on those imported laboratory chemicals.</description>
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