Customs duty exemption caps import duty on specified goods to an ad valorem rate under delegated statutory power. The Central Government, under section 25(1) of the Customs Act, 1962, exempts goods falling under sub-heading No. 9013.20 of the First Schedule to the Customs Tariff Act, 1975, when imported into India, from so much of the duty leviable as exceeds the amount calculated at the rate of 55% ad valorem, thereby capping the effective customs liability for those imports.
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 caps import duty on specified goods to an ad valorem rate under delegated statutory power.
The Central Government, under section 25(1) of the Customs Act, 1962, exempts goods falling under sub-heading No. 9013.20 of the First Schedule to the Customs Tariff Act, 1975, when imported into India, from so much of the duty leviable as exceeds the amount calculated at the rate of 55% ad valorem, thereby capping the effective customs liability for those imports.
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