Customs additional duty exemption limited to duty above a standard threshold, with full relief for garment and agro inputs. The amendment narrows the opening exemption in Notification No.111/95-Cus so that additional duty relief for goods imported under the EPCG scheme applies only to the portion of additional duty exceeding an amount calculated at a prescribed rate of value, while providing full exemption where the goods are required for manufacture of leather garments, textile garments (including knitwear), agro products and products of horticulture and floriculture; this exemption remains subject to the conditions in paragraph 2.
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Customs additional duty exemption limited to duty above a standard threshold, with full relief for garment and agro inputs.
The amendment narrows the opening exemption in Notification No.111/95-Cus so that additional duty relief for goods imported under the EPCG scheme applies only to the portion of additional duty exceeding an amount calculated at a prescribed rate of value, while providing full exemption where the goods are required for manufacture of leather garments, textile garments (including knitwear), agro products and products of horticulture and floriculture; this exemption remains subject to the conditions in paragraph 2.
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