Customs exemption caps ad valorem duty on specified imports for the National Stock Exchange Project under statutory authority. The Central Government, exercising statutory power in the public interest, exempts goods under the relevant tariff heading imported for the stock exchange project from customs duty in excess of the amount calculable at a specified ad valorem rate, thereby limiting payable duty to that ad valorem ceiling.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption caps ad valorem duty on specified imports for the National Stock Exchange Project under statutory authority.
The Central Government, exercising statutory power in the public interest, exempts goods under the relevant tariff heading imported for the stock exchange project from customs duty in excess of the amount calculable at a specified ad valorem rate, thereby limiting payable duty to that ad valorem ceiling.
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