Customs duty exemption caps import duty liability to prescribed ad valorem rates for listed tariff items. Notification exempts specified imported goods under the First Schedule from customs duty to the extent that duty exceeds amounts computed at the ad valorem rates shown in the Table: column (4) for standard rates and column (5) for preferential rates. The exemption caps liability to the specified ad valorem rates for the listed tariff items and descriptions, while a detailed list of Chapter 38 catalyst and related chemical items is excluded from the notification.
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 caps import duty liability to prescribed ad valorem rates for listed tariff items.
Notification exempts specified imported goods under the First Schedule from customs duty to the extent that duty exceeds amounts computed at the ad valorem rates shown in the Table: column (4) for standard rates and column (5) for preferential rates. The exemption caps liability to the specified ad valorem rates for the listed tariff items and descriptions, while a detailed list of Chapter 38 catalyst and related chemical items is excluded from the notification.
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