Customs duty exemption ceilings set by tariff classification, capping payable duty at prescribed standard or preferential rates. The notification caps customs duty on imports by exempting goods from so much of duty as exceeds the amounts computed at the specified standard and, where applicable, preferential rates listed in an annexed Table for each tariff classification; the Table prescribes ad valorem benchmark rates (and occasional unit additions) by Chapter, heading or sub-heading, with carve outs for certain sub-headings and a residual provision for goods not otherwise listed, issued under section 25(1) of the Customs Act, 1962.
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 ceilings set by tariff classification, capping payable duty at prescribed standard or preferential rates.
The notification caps customs duty on imports by exempting goods from so much of duty as exceeds the amounts computed at the specified standard and, where applicable, preferential rates listed in an annexed Table for each tariff classification; the Table prescribes ad valorem benchmark rates (and occasional unit additions) by Chapter, heading or sub-heading, with carve outs for certain sub-headings and a residual provision for goods not otherwise listed, issued under section 25(1) of the Customs Act, 1962.
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