Customs exemption caps import duty: specified tariff items liable only up to a 50% ad valorem calculation. The Central Government exempts goods under the specified tariff headings and sub headings from customs duty to the extent that duty exceeds the amount calculated at 50% ad valorem, thereby capping the effective duty payable on those imported goods at the 50% ad valorem rate.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption caps import duty: specified tariff items liable only up to a 50% ad valorem calculation.
The Central Government exempts goods under the specified tariff headings and sub headings from customs duty to the extent that duty exceeds the amount calculated at 50% ad valorem, thereby capping the effective duty payable on those imported goods at the 50% ad valorem rate.
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