Customs duty cap limits excess import duties on specified edible oils and Bengal gram, reducing tariff exposure. Exempts specified tariff items for crude and refined soya, sunflower and palm oils and Bengal gram from customs duty to the extent such duty exceeds the prescribed standard rate, thereby capping payable import duty at that standard rate. The exemption operates for a defined period and has been subject to subsequent notifications that amend listed tariff items, alter standard rates and modify the period of operation.
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.
Customs duty cap limits excess import duties on specified edible oils and Bengal gram, reducing tariff exposure.
Exempts specified tariff items for crude and refined soya, sunflower and palm oils and Bengal gram from customs duty to the extent such duty exceeds the prescribed standard rate, thereby capping payable import duty at that standard rate. The exemption operates for a defined period and has been subject to subsequent notifications that amend listed tariff items, alter standard rates and modify the period of operation.
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