Regulatory duty of customs

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Full Text of the Document

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....t or any subsequent Act of Parliament, a regulatory duty of customs which shall be-- (a) twenty-five per cent, of the rate, if any, specified in the said First Schedule read with any notification issued under section 3A or sub-section (1) of section 4 of the Tariff Act; or (b) ten per cent. of the value of the goods as determined in accordance with the provisions of section 14 of the Customs A....