Customs duty exemption for listed veterinary drugs: excess import duty over the prescribed ad valorem rate is exempted. The Central Government, exercising powers under the Customs Act, exempts specified veterinary drugs falling within Chapters 23, 28, 29, 30 or 38 of the First Schedule to the Customs Tariff Act from that portion of customs duty leviable under the Schedule which is in excess of the amount calculated at a prescribed ad valorem rate, limited to the goods enumerated in the annexed Table.
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 for listed veterinary drugs: excess import duty over the prescribed ad valorem rate is exempted.
The Central Government, exercising powers under the Customs Act, exempts specified veterinary drugs falling within Chapters 23, 28, 29, 30 or 38 of the First Schedule to the Customs Tariff Act from that portion of customs duty leviable under the Schedule which is in excess of the amount calculated at a prescribed ad valorem rate, limited to the goods enumerated in the annexed Table.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
