Import duty exemption revised: exemption covers customs duty and additional duty where claimed; non-claim treated as non-availment. The notification amends prior exemption text to provide that imports are exempt from the whole of the Customs duty specified in the First Schedule and from the whole of the additional duty under section 3 where specifically claimed, subject to conditions; it replaces the proviso reference from 'Chapter VI' to 'Chapter VII' and inserts that failure to claim the additional duty exemption will be treated as not having availed the First Schedule duty exemption for calculating the additional duty.
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Import duty exemption revised: exemption covers customs duty and additional duty where claimed; non-claim treated as non-availment.
The notification amends prior exemption text to provide that imports are exempt from the whole of the Customs duty specified in the First Schedule and from the whole of the additional duty under section 3 where specifically claimed, subject to conditions; it replaces the proviso reference from "Chapter VI" to "Chapter VII" and inserts that failure to claim the additional duty exemption will be treated as not having availed the First Schedule duty exemption for calculating the additional duty.
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