Customs exemption limits duty on imported glass beads and false pearls, capping excess ad valorem charges. Notification exempts glass beads and false pearls under Chapter 70 from that portion of customs duty in the First Schedule which exceeds 65 per cent ad valorem, effectively capping the payable duty at that ad valorem rate as a public interest miscellaneous exemption on importation.
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Customs exemption limits duty on imported glass beads and false pearls, capping excess ad valorem charges.
Notification exempts glass beads and false pearls under Chapter 70 from that portion of customs duty in the First Schedule which exceeds 65 per cent ad valorem, effectively capping the payable duty at that ad valorem rate as a public interest miscellaneous exemption on importation.
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