Customs exemption for imported molasses limits customs duty to a fixed ad valorem threshold, with excess duty waived. Notification exempts molasses resulting from the extraction or refining of sugar, classified under the tariff heading for molasses, when imported into India from customs duty in excess of a prescribed ad valorem threshold, so that importers bear duty only up to that ad valorem limit and any excess charge is waived.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for imported molasses limits customs duty to a fixed ad valorem threshold, with excess duty waived.
Notification exempts molasses resulting from the extraction or refining of sugar, classified under the tariff heading for molasses, when imported into India from customs duty in excess of a prescribed ad valorem threshold, so that importers bear duty only up to that ad valorem limit and any excess charge is waived.
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