Customs duty exemption limits import duty to prescribed capped rates, preventing charges above listed tariff caps. Notification No. 17/2000 exempts imports of goods under specified First Schedule tariff headings from customs duty to the extent that duty exceeds the amounts calculated at rates listed in the annexed Table: column (3) where the standard rate applies and column (4) where a preferential rate applies. The notification states those rates are ad valorem unless otherwise specified and, for certain entries, sets the cap as a percentage or a percentage or specified amount per unit, whichever is higher.
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Provisions expressly mentioned in the judgment/order text.
Notification No. 17/2000 exempts imports of goods under specified First Schedule tariff headings from customs duty to the extent that duty exceeds the amounts calculated at rates listed in the annexed Table: column (3) where the standard rate applies and column (4) where a preferential rate applies. The notification states those rates are ad valorem unless otherwise specified and, for certain entries, sets the cap as a percentage or a percentage or specified amount per unit, whichever is higher.
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