Customs exemption calculation now set as the difference between Table amount and landed value per unit, changing rate basis. Amendment replaces the prior formulation tying the rate to the Table amount with a provision fixing the applicable rate as the difference between the amount specified in the Table (in the stated currency and per unit) and the landed value of such imported goods in like currency per like unit, thereby changing the basis for calculating the rate applicable to the relevant exemption entries.
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 exemption calculation now set as the difference between Table amount and landed value per unit, changing rate basis.
Amendment replaces the prior formulation tying the rate to the Table amount with a provision fixing the applicable rate as the difference between the amount specified in the Table (in the stated currency and per unit) and the landed value of such imported goods in like currency per like unit, thereby changing the basis for calculating the rate applicable to the relevant exemption entries.
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