Customs effective rates for wool imports set varying duties and exemptions for cooperative and specified wool categories. Notification under section 25(1) of the Customs Act prescribes that goods of Chapter 51 shall be exempt from customs duty to the extent the duty exceeds amounts calculated at the notified effective rates. Raw wool imported by registered Apex handloom cooperatives, state handloom development corporations, Khadi and Village Industries bodies and registered apex khadi federations is charged nil effective duty. Other raw wool meeting a specified fibre diameter is chargeable at a lower ad valorem rate, and waste of wool including yarn waste and garnetted stocks is chargeable at a higher ad valorem ad valorem rate.
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 effective rates for wool imports set varying duties and exemptions for cooperative and specified wool categories.
Notification under section 25(1) of the Customs Act prescribes that goods of Chapter 51 shall be exempt from customs duty to the extent the duty exceeds amounts calculated at the notified effective rates. Raw wool imported by registered Apex handloom cooperatives, state handloom development corporations, Khadi and Village Industries bodies and registered apex khadi federations is charged nil effective duty. Other raw wool meeting a specified fibre diameter is chargeable at a lower ad valorem rate, and waste of wool including yarn waste and garnetted stocks is chargeable at a higher ad valorem ad valorem rate.
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