Customs duty exemption for L-Base imports enables reduced duty on inputs for chloramphenicol manufacture under public interest notification. The Central Government, invoking section 25(1) of the Customs Act, exempts imported L-Base falling within the First Schedule to the Customs Tariff Act when imported for manufacture of Chloramphenicol powder or Chloramphenicol palmitate, from so much of the customs duty leviable thereon as exceeds the notified ad valorem rate; the exemption is stated to be in the public interest.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for L-Base imports enables reduced duty on inputs for chloramphenicol manufacture under public interest notification.
The Central Government, invoking section 25(1) of the Customs Act, exempts imported L-Base falling within the First Schedule to the Customs Tariff Act when imported for manufacture of Chloramphenicol powder or Chloramphenicol palmitate, from so much of the customs duty leviable thereon as exceeds the notified ad valorem rate; the exemption is stated to be in the public interest.
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