Customs duty on cashew nuts: new tariff entries impose specific duty with ad valorem fallback, higher rate prevailing. The Central Government, under section 25(1) of the Customs Act, 1962, amends Notification No. 12/2012-Customs by inserting two tariff entries (22A and 22B) covering specified HS subheadings for cashew nuts and applying duties composed of a specific rate per unit or an ad valorem rate, with the higher of the two to prevail, effected by Notification No. 27/2013-Customs dated 10 May 2013.
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Customs duty on cashew nuts: new tariff entries impose specific duty with ad valorem fallback, higher rate prevailing.
The Central Government, under section 25(1) of the Customs Act, 1962, amends Notification No. 12/2012-Customs by inserting two tariff entries (22A and 22B) covering specified HS subheadings for cashew nuts and applying duties composed of a specific rate per unit or an ad valorem rate, with the higher of the two to prevail, effected by Notification No. 27/2013-Customs dated 10 May 2013.
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