Customs duty exemption establishes an effective ad valorem rate for specified imported goods under the tariff schedule. The Central Government, under section 25(1) of the Customs Act, 1962, exempts specified imported goods within certain First Schedule sub headings from that portion of customs duty exceeding the amount calculated at the effective rate specified in the Table, and for the listed goods fixes a uniform 55% ad valorem rate of duty for the purpose of limiting the leviable customs duty.
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 establishes an effective ad valorem rate for specified imported goods under the tariff schedule.
The Central Government, under section 25(1) of the Customs Act, 1962, exempts specified imported goods within certain First Schedule sub headings from that portion of customs duty exceeding the amount calculated at the effective rate specified in the Table, and for the listed goods fixes a uniform 55% ad valorem rate of duty for the purpose of limiting the leviable customs duty.
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