Customs duty exemption for copper imports allows relief for toll-processed goods subject to time and evidence conditions. Exempts certain imported copper wire bars, cathodes and wire rods produced from Indian-origin copper reverts, spent anodes or anode slime sent out for toll smelting or toll processing, by limiting customs duty to the amount in excess of an allowance calculated at 45 per cent of the value representing toll smelting/processing costs (labour; cost of materials excluding the goods sent out; other related charges) plus insurance and freight both ways; qualification requires re-import within three years and evidence that the goods derive from the specified toll processing.
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Customs duty exemption for copper imports allows relief for toll-processed goods subject to time and evidence conditions.
Exempts certain imported copper wire bars, cathodes and wire rods produced from Indian-origin copper reverts, spent anodes or anode slime sent out for toll smelting or toll processing, by limiting customs duty to the amount in excess of an allowance calculated at 45 per cent of the value representing toll smelting/processing costs (labour; cost of materials excluding the goods sent out; other related charges) plus insurance and freight both ways; qualification requires re-import within three years and evidence that the goods derive from the specified toll processing.
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