Customs additional duty exemption caps extra duty by specifying reduced effective ad valorem rates for listed imports. Notification exempts specified imported goods from that portion of the additional duty of customs which exceeds the prescribed effective ad valorem rate, by linking listed First Schedule tariff headings and descriptions to corresponding reduced rates and thereby capping additional duty on importation for those named goods.
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 additional duty exemption caps extra duty by specifying reduced effective ad valorem rates for listed imports.
Notification exempts specified imported goods from that portion of the additional duty of customs which exceeds the prescribed effective ad valorem rate, by linking listed First Schedule tariff headings and descriptions to corresponding reduced rates and thereby capping additional duty on importation for those named goods.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.