Concessional duty for copper products produced by toll smelting reduces customs liability to processing and transport costs. Exemption limits assessable customs duty on imported copper wire bars, cathodes and rods produced from concentrates sent abroad for toll smelting or toll processing to an amount equal to half the value representing toll smelting/processing costs (labour; material excluding exported concentrates; and other processing charges) plus insurance and freight both ways, subject to import within one year and evidential proof that the imported goods were obtained from the exported concentrates.
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Provisions expressly mentioned in the judgment/order text.
Concessional duty for copper products produced by toll smelting reduces customs liability to processing and transport costs.
Exemption limits assessable customs duty on imported copper wire bars, cathodes and rods produced from concentrates sent abroad for toll smelting or toll processing to an amount equal to half the value representing toll smelting/processing costs (labour; material excluding exported concentrates; and other processing charges) plus insurance and freight both ways, subject to import within one year and evidential proof that the imported goods were obtained from the exported concentrates.
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