Customs duty cap for pharmaceutical imports sets reduced payable duty on specified imported drugs. The Central Government, under sub section (1) of section 25 of the Customs Act, 1962, exempts specified Chapter 30 drugs and medicines from so much of the customs duty leviable on import as exceeds the amount calculated at the effective ad valorem rates set out in the annexed Table, by limiting the payable duty to the stated effective rates for the listed items.
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Provisions expressly mentioned in the judgment/order text.
Customs duty cap for pharmaceutical imports sets reduced payable duty on specified imported drugs.
The Central Government, under sub section (1) of section 25 of the Customs Act, 1962, exempts specified Chapter 30 drugs and medicines from so much of the customs duty leviable on import as exceeds the amount calculated at the effective ad valorem rates set out in the annexed Table, by limiting the payable duty to the stated effective rates for the listed items.
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