Customs exemption on unwrought nickel caps effective import duty at a prescribed ad valorem rate, superseding prior notification. The Central Government, exercising powers under the Customs Act and superseding the earlier notification, exempts imported unwrought nickel under sub heading 7502.10 from that portion of customs duty specified in the First Schedule which exceeds the amount calculated at a specified ad valorem rate, thereby capping the effective duty chargeable on such imports.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption on unwrought nickel caps effective import duty at a prescribed ad valorem rate, superseding prior notification.
The Central Government, exercising powers under the Customs Act and superseding the earlier notification, exempts imported unwrought nickel under sub heading 7502.10 from that portion of customs duty specified in the First Schedule which exceeds the amount calculated at a specified ad valorem rate, thereby capping the effective duty chargeable on such imports.
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