TMI BlogLevy of duty where standard rate and preferential rate are specifiedX X X X Extracts X X X X X X X X Extracts X X X X ..... n under Section 25 of the Customs Act, 1962 (52 of 1962), the duty to be levied and collected shall be at the standard rate, unless the owner of the article claims at the time of importation that it is chargeable with a preferential rate of duty, being the produce or manufacture of such preferential area as is notified under sub-section (3) and the article is determined, in accordance with the rul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erential rate, in respect of an article specified in the First Schedule, the Central Government may, by notification in the Official Gazette, direct an amendment of the said Schedule to be made so as to provide for such discontinuance of, or increase or decrease, as the case may be, in the preferential rate. (5) Every notification issued under sub-section (3) or sub-section (4) shall, as soon as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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