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    <title>Prescribes effective rate of basic duty of 55% ad valorem on VP latex</title>
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    <description>The Central Government, exercising its statutory exemption power under the Customs Act, exempts vinyl pyridine latex, falling under the relevant tariff heading in the First Schedule to the Customs Tariff Act, from so much of the basic customs duty specified in that Schedule as is in excess of a capped ad valorem rate, thereby fixing an effective maximum basic duty applicable to that commodity.</description>
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      <description>The Central Government, exercising its statutory exemption power under the Customs Act, exempts vinyl pyridine latex, falling under the relevant tariff heading in the First Schedule to the Customs Tariff Act, from so much of the basic customs duty specified in that Schedule as is in excess of a capped ad valorem rate, thereby fixing an effective maximum basic duty applicable to that commodity.</description>
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