Effective customs duty rate: excess duty on specified Chapter 20 imports exempted where duty exceeds prescribed ad valorem calculation. The Central Government, exercising statutory authority under the Customs Act, exempts specified Chapter 20 goods from that portion of customs duty under the First Schedule which exceeds the amount calculated at the prescribed ad valorem rate; the exemption applies on importation to the goods and headings listed in the notification's Table.
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.
Effective customs duty rate: excess duty on specified Chapter 20 imports exempted where duty exceeds prescribed ad valorem calculation.
The Central Government, exercising statutory authority under the Customs Act, exempts specified Chapter 20 goods from that portion of customs duty under the First Schedule which exceeds the amount calculated at the prescribed ad valorem rate; the exemption applies on importation to the goods and headings listed in the notification's Table.
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