Customs duty rules for special economic zones covered export duty, import duty and valuation timing before omission. Section 76F formerly dealt with the levy of customs duties for goods moving between the domestic tariff area and a special economic zone. Goods admitted to a special economic zone were chargeable to export duties, and goods removed for home consumption were chargeable to customs duties, including anti-dumping, countervailing and safeguard duties where applicable. The applicable rate of duty and tariff valuation depended on the date of admission or removal, or, if that could not be ascertained, the date of payment of duty. The section was later omitted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Customs duty rules for special economic zones covered export duty, import duty and valuation timing before omission.
Section 76F formerly dealt with the levy of customs duties for goods moving between the domestic tariff area and a special economic zone. Goods admitted to a special economic zone were chargeable to export duties, and goods removed for home consumption were chargeable to customs duties, including anti-dumping, countervailing and safeguard duties where applicable. The applicable rate of duty and tariff valuation depended on the date of admission or removal, or, if that could not be ascertained, the date of payment of duty. The section was later omitted.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
