Customs exemption on raw cotton: duty and agriculture cess waived during specified period under statutory powers. Exempts imports of raw cotton under Chapter 5201 from customs duty and Agriculture Infrastructure and Development Cess to the extent those levies exceed amounts calculated at the specified standard rates, both of which are set at nil, under powers of section 25 of the Customs Act and section 124 of the Finance Act, 2021, for the period specified in the notification, with the expiry date later substituted by a subsequent notification.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption on raw cotton: duty and agriculture cess waived during specified period under statutory powers.
Exempts imports of raw cotton under Chapter 5201 from customs duty and Agriculture Infrastructure and Development Cess to the extent those levies exceed amounts calculated at the specified standard rates, both of which are set at nil, under powers of section 25 of the Customs Act and section 124 of the Finance Act, 2021, for the period specified in the notification, with the expiry date later substituted by a subsequent notification.
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