Exemption of customs duty: effective rates set for human corneas and pancreas, limiting duty to specified rates. The Central Government, exercising statutory power under the Customs Act, 1962, exempts goods in Chapter 5 of the Customs Tariff Act from customs duty in excess of the effective rates specified: human corneas at nil duty and pancreas at 25% ad valorem, thereby limiting the duty leviable under the First Schedule to those specific rates as a public-interest miscellaneous exemption.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption of customs duty: effective rates set for human corneas and pancreas, limiting duty to specified rates.
The Central Government, exercising statutory power under the Customs Act, 1962, exempts goods in Chapter 5 of the Customs Tariff Act from customs duty in excess of the effective rates specified: human corneas at nil duty and pancreas at 25% ad valorem, thereby limiting the duty leviable under the First Schedule to those specific rates as a public-interest miscellaneous exemption.
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