Customs duty exemption for imported gliders caps ad valorem liability and waives additional duty under tariff law. Exempts imported gliders classifiable under tariff heading 88.01 from customs duty to the extent payable above a prescribed ad valorem rate and from the additional duty levied under the Customs Tariff framework, by exercise of executive exemption powers; the measure reduces the duty incidence on such imports by capping ad valorem liability and waiving the separate additional duty component.
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Customs duty exemption for imported gliders caps ad valorem liability and waives additional duty under tariff law.
Exempts imported gliders classifiable under tariff heading 88.01 from customs duty to the extent payable above a prescribed ad valorem rate and from the additional duty levied under the Customs Tariff framework, by exercise of executive exemption powers; the measure reduces the duty incidence on such imports by capping ad valorem liability and waiving the separate additional duty component.
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