Seeks to exempt specified goods when imported into India from so much of the duty of customs leviable as is in excess of the rates specified in column (3) of the Table appended to the said notification. - 018/2001 - Customs -Tariff
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Customs duty cap on specified imports: notification limits payable duty to prescribed capped rates and per unit minima. Exempts specified imported goods from customs duty insofar as duty exceeds the rates set in the appended Table, exercising powers under section 25(1) of the Customs Act, 1962. For each listed tariff entry the standard rate under the First Schedule is reduced so that only duty calculated at the rate in column (3) is chargeable. The column (3) rate is ad valorem unless otherwise specified; some entries pair ad valorem rates with specified per unit minima while others show nil or percentage rates alone.
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 on specified imports: notification limits payable duty to prescribed capped rates and per unit minima.
Exempts specified imported goods from customs duty insofar as duty exceeds the rates set in the appended Table, exercising powers under section 25(1) of the Customs Act, 1962. For each listed tariff entry the standard rate under the First Schedule is reduced so that only duty calculated at the rate in column (3) is chargeable. The column (3) rate is ad valorem unless otherwise specified; some entries pair ad valorem rates with specified per unit minima while others show nil or percentage rates alone.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.