Customs duty exemption for specified imports from Sri Lanka limits excess duty to specified ad valorem rates. Central Government exempts specified goods imported from Sri Lanka from that portion of customs duty which exceeds an amount calculated at the ad valorem rates set out in the annexed Table. The exemption applies to goods falling within the listed Chapter, heading or sub heading entries of the First Schedule to the Customs Tariff Act, 1975, and limits payable duty to the amount computed at the corresponding rate in the Table.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for specified imports from Sri Lanka limits excess duty to specified ad valorem rates.
Central Government exempts specified goods imported from Sri Lanka from that portion of customs duty which exceeds an amount calculated at the ad valorem rates set out in the annexed Table. The exemption applies to goods falling within the listed Chapter, heading or sub heading entries of the First Schedule to the Customs Tariff Act, 1975, and limits payable duty to the amount computed at the corresponding rate in the Table.
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