Limitation on special additional customs duty: excess over prescribed rate exempted for First Schedule imports. Exemption limits the special additional customs duty on imports classified in the First Schedule to the Customs Tariff to an effective ad valorem rate of four percent by exempting any portion of that duty in excess of the prescribed rate, enacted under customs and finance legislation as a public interest measure and applied by notification to all First Schedule goods on importation.
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Provisions expressly mentioned in the judgment/order text.
Limitation on special additional customs duty: excess over prescribed rate exempted for First Schedule imports.
Exemption limits the special additional customs duty on imports classified in the First Schedule to the Customs Tariff to an effective ad valorem rate of four percent by exempting any portion of that duty in excess of the prescribed rate, enacted under customs and finance legislation as a public interest measure and applied by notification to all First Schedule goods on importation.
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