Customs duty cap limits import duty for specified measuring instruments to a fixed ad valorem rate under statutory notification. The Government issues a notification exempting specified goods falling under certain tariff sub-headings from so much of the basic customs duty as exceeds the amount calculated at the ad valorem rate specified in the Table, thereby capping the effective basic duty for listed measuring and checking instruments at the prescribed ad valorem rate upon importation.
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Provisions expressly mentioned in the judgment/order text.
Customs duty cap limits import duty for specified measuring instruments to a fixed ad valorem rate under statutory notification.
The Government issues a notification exempting specified goods falling under certain tariff sub-headings from so much of the basic customs duty as exceeds the amount calculated at the ad valorem rate specified in the Table, thereby capping the effective basic duty for listed measuring and checking instruments at the prescribed ad valorem rate upon importation.
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