https://www.taxtmi.com/news?id=923 Amendments revise customs tariff rates and exemptions across multiple chapters, lowering or exempting duties on specified raw materials, inputs, medical devices and select machinery while increasing duties on gold and silver and withdrawing certain exemptions. A new provision provides for refund of import duty where imported goods are defective or not as specified, subject to export, abandonment to customs or destruction and other conditions. Procedural changes authorize the Authority for Advance Ruling to act for customs, empower High Courts to condone appeal delays, limit compounding of offences, and validate prior notifications and actions; safeguard, countervailing and anti dumping machinery provisions are aligned with Customs Act procedures. en-us Mon, 06 Jul 2009 17:20:02 +0530 Tue, 07 Jul 2009 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=923 Amendments revise customs tariff rates and exemptions across multiple chapters, lowering or exempting duties on specified raw materials, inputs, medical devices and select machinery while increasing duties on gold and silver and withdrawing certain exemptions. A new provision provides for refund of import duty where imported goods are defective or not as specified, subject to export, abandonment to customs or destruction and other conditions. Procedural changes authorize the Authority for Advance Ruling to act for customs, empower High Courts to condone appeal delays, limit compounding of offences, and validate prior notifications and actions; safeguard, countervailing and anti dumping machinery provisions are aligned with Customs Act procedures. News - Mon, 06 Jul 2009 17:20:02 +0530 https://www.taxtmi.com/news?id=923