Customs duty cap limits excess import duty on specified refractory raw materials to a fixed ad valorem rate. Notification, exercising powers under section 25(1) of the Customs Act, 1962, exempts listed refractory raw materials under Chapters 25, 26, 28 or 38 from so much of the customs duty as is in excess of 30% ad valorem when imported into India. The exempted items include specified grades of chromite ore, natural flaky graphite, magnesia chrome/lime/alumina sinters, tabular/sintered/calcined alumina (99%+), fused magnesia, and defined grades of dead burnt magnesite.
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Provisions expressly mentioned in the judgment/order text.
Customs duty cap limits excess import duty on specified refractory raw materials to a fixed ad valorem rate.
Notification, exercising powers under section 25(1) of the Customs Act, 1962, exempts listed refractory raw materials under Chapters 25, 26, 28 or 38 from so much of the customs duty as is in excess of 30% ad valorem when imported into India. The exempted items include specified grades of chromite ore, natural flaky graphite, magnesia chrome/lime/alumina sinters, tabular/sintered/calcined alumina (99%+), fused magnesia, and defined grades of dead burnt magnesite.
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