Customs duty cap for imported lead waste limits payable duty under a specified ad valorem exemption, reducing liability. Imports of lead waste and scrap falling under the specified tariff heading are exempted from that portion of basic customs duty which exceeds the amount calculated at the rate of 50% ad valorem; the exemption limits payable basic customs duty on such imports to the amount corresponding to that ad valorem rate, the remainder being waived by notification under the statutory exemption power.
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.
Customs duty cap for imported lead waste limits payable duty under a specified ad valorem exemption, reducing liability.
Imports of lead waste and scrap falling under the specified tariff heading are exempted from that portion of basic customs duty which exceeds the amount calculated at the rate of 50% ad valorem; the exemption limits payable basic customs duty on such imports to the amount corresponding to that ad valorem rate, the remainder being waived by notification under the statutory exemption power.
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