Customs exemption: erythromycin thiocyanate imports subject only to a specified ad valorem duty rate, limiting higher levies. The Central Government, invoking public interest powers under the Customs Act, exempts Erythromycin Thiocyanate (TIOC) classified in the relevant tariff chapter from so much of customs duty as exceeds an amount calculated at a specified ad valorem rate, thereby capping the effective customs liability on those imports.
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Customs exemption: erythromycin thiocyanate imports subject only to a specified ad valorem duty rate, limiting higher levies.
The Central Government, invoking public interest powers under the Customs Act, exempts Erythromycin Thiocyanate (TIOC) classified in the relevant tariff chapter from so much of customs duty as exceeds an amount calculated at a specified ad valorem rate, thereby capping the effective customs liability on those imports.
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