Exemption from additional customs duty caps excess levy on imported petrol, limiting duty to a prescribed per litre rate. Exempts imported motor spirit (petrol) under Customs Tariff heading 2710 from that portion of the additional duty of customs leviable under section 103 of the Finance (No.2) Act, 1998 which exceeds the amount computed at the prescribed per litre rate, limiting additional duty incidence on such imports and basing the exemption on public interest authority.
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.
Exemption from additional customs duty caps excess levy on imported petrol, limiting duty to a prescribed per litre rate.
Exempts imported motor spirit (petrol) under Customs Tariff heading 2710 from that portion of the additional duty of customs leviable under section 103 of the Finance (No.2) Act, 1998 which exceeds the amount computed at the prescribed per litre rate, limiting additional duty incidence on such imports and basing the exemption on public interest authority.
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