Auxiliary customs duty imposed on First Schedule goods as a value-based levy, additional to existing customs duties. Section 49 imposes an auxiliary duty of customs on goods in the First Schedule to the Customs Tariff Act, calculated as a fixed proportion of the customs value determined under section 14 of the Customs Act, 1962. The levy ceases after 31 March 1987 with savings for prior acts. The auxiliary duty is in addition to duties chargeable under the Customs Act or other laws, and the Customs Act's provisions and rules, including refund and exemption mechanisms, apply to its levy and collection as far as practicable.
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Provisions expressly mentioned in the judgment/order text.
Auxiliary customs duty imposed on First Schedule goods as a value-based levy, additional to existing customs duties.
Section 49 imposes an auxiliary duty of customs on goods in the First Schedule to the Customs Tariff Act, calculated as a fixed proportion of the customs value determined under section 14 of the Customs Act, 1962. The levy ceases after 31 March 1987 with savings for prior acts. The auxiliary duty is in addition to duties chargeable under the Customs Act or other laws, and the Customs Act's provisions and rules, including refund and exemption mechanisms, apply to its levy and collection as far as practicable.
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