Customs duty exemption sets reduced effective duty rates for imported tools and cutlery under Customs Act authority. Exemption under sub-section (1) of section 25 of the Customs Act, 1962 limits customs liability on imported tools and cutlery to specified effective ad valorem rates listed in the notification's Table; any portion of duty in the First Schedule exceeding those prescribed rates is exempt, subject to applicable conditions noted for each tariff heading.
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.
Customs duty exemption sets reduced effective duty rates for imported tools and cutlery under Customs Act authority.
Exemption under sub-section (1) of section 25 of the Customs Act, 1962 limits customs liability on imported tools and cutlery to specified effective ad valorem rates listed in the notification's Table; any portion of duty in the First Schedule exceeding those prescribed rates is exempt, subject to applicable conditions noted for each tariff heading.
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