Excise exemption computation revised: basic customs duty treated as substantially reduced for DTA clearances, altering duty payable. Amendment alters the excise exemption computation: exemption equals the excess over aggregate customs duties computed as if the basic customs duty were substantially reduced and no additional duty under subsection (5) of section 3 applied; nevertheless, where goods cleared into the DTA are exempt from sales tax or VAT, that additional duty must be included in the aggregate. The amendment also replaces several tariff classification entries in the notification table to update the covered commodity codes for the exemption.
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.
Excise exemption computation revised: basic customs duty treated as substantially reduced for DTA clearances, altering duty payable.
Amendment alters the excise exemption computation: exemption equals the excess over aggregate customs duties computed as if the basic customs duty were substantially reduced and no additional duty under subsection (5) of section 3 applied; nevertheless, where goods cleared into the DTA are exempt from sales tax or VAT, that additional duty must be included in the aggregate. The amendment also replaces several tariff classification entries in the notification table to update the covered commodity codes for the exemption.
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 
