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Difference between Standard Rate and Prefrential Rate

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(Querist)
06 March 2008 What is the diffrence between standard rate and prefrential rate under custom tariff act ?
Please reply urgently.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
15 March 2008 Preferential rate of duty is for specified goods when imported from specified countries under Agreement of Global System of Trade Preferences.

Example refer Notification No. 236/89-Customs,Dated 1-9-1989

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