Surcharge exemption of customs on specified imported goods removes additional levy for listed tariff classifications on importation. Central Government exempts from the surcharge of customs specified imported goods falling within the First Schedule to the Customs Tariff Act, 1975, under powers conferred by the Customs Act read with the Finance Bill provision. The Table lists categories including gold and silver imported under specified notifications, goods chargeable at the stated ad valorem duty rate, numerous goods by tariff headings, and specifically enumerated machinery, parts, electronic components and assemblies. The exemption applies on import and is subject to conditions attaching to existing duty exemptions for particular items.
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.
Surcharge exemption of customs on specified imported goods removes additional levy for listed tariff classifications on importation.
Central Government exempts from the surcharge of customs specified imported goods falling within the First Schedule to the Customs Tariff Act, 1975, under powers conferred by the Customs Act read with the Finance Bill provision. The Table lists categories including gold and silver imported under specified notifications, goods chargeable at the stated ad valorem duty rate, numerous goods by tariff headings, and specifically enumerated machinery, parts, electronic components and assemblies. The exemption applies on import and is subject to conditions attaching to existing duty exemptions for particular items.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
