Effective basic duty caps customs charges on specified metalworking equipment and furnaces, prescribing maximum ad valorem rates. Notification limits customs liability on specified imports by exempting goods from any portion of the First Schedule duty exceeding the prescribed effective basic duty rates. The Table caps ad valorem rates for converters, ladles, ingot moulds and casting machines at 35%; parts of those goods at 25%; and industrial and laboratory furnaces and ovens at 35%, applying the exemption on importation to fix the maximum chargeable duty.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Effective basic duty caps customs charges on specified metalworking equipment and furnaces, prescribing maximum ad valorem rates.
Notification limits customs liability on specified imports by exempting goods from any portion of the First Schedule duty exceeding the prescribed effective basic duty rates. The Table caps ad valorem rates for converters, ladles, ingot moulds and casting machines at 35%; parts of those goods at 25%; and industrial and laboratory furnaces and ovens at 35%, applying the exemption on importation to fix the maximum chargeable duty.
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