Customs exemption for specified Chapter 90 imports caps applicable duty at an effective ad valorem rate, with defined exclusions. The Central Government exempts specified goods under Chapter and sub-headings of the Customs Tariff First Schedule listed in the annexed Table from customs duty to the extent that duty exceeds an amount calculated at an effective ad valorem rate of 40% ad valorem on import into India, subject to exclusions for parts containing semiconductor devices or parts interchangeable with motor vehicle parts and with descriptive limits for listed Chapter 90 items including instruments and certain printing-industry equipment.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for specified Chapter 90 imports caps applicable duty at an effective ad valorem rate, with defined exclusions.
The Central Government exempts specified goods under Chapter and sub-headings of the Customs Tariff First Schedule listed in the annexed Table from customs duty to the extent that duty exceeds an amount calculated at an effective ad valorem rate of 40% ad valorem on import into India, subject to exclusions for parts containing semiconductor devices or parts interchangeable with motor vehicle parts and with descriptive limits for listed Chapter 90 items including instruments and certain printing-industry equipment.
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