Customs duty cap limits liability on specified stainless steel flat products to a capped ad valorem rate. The notification exempts goods under tariff headings 72.19 and 72.20 from that portion of customs duty which exceeds the amount calculated at an ad valorem rate, effecting a cap on duty liability for specified stainless steel flat products by operation of the First Schedule to the Customs Tariff Act via a statutory notification.
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Customs duty cap limits liability on specified stainless steel flat products to a capped ad valorem rate.
The notification exempts goods under tariff headings 72.19 and 72.20 from that portion of customs duty which exceeds the amount calculated at an ad valorem rate, effecting a cap on duty liability for specified stainless steel flat products by operation of the First Schedule to the Customs Tariff Act via a statutory notification.
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