Customs exemption for toll processed copper limits assessable duty to tolling costs, insurance and freight when conditions are met. Exemption reduces customs duty on imported copper wire bars, cathodes and wire rods produced from concentrates sent abroad for toll smelting or toll processing to an amount representing only toll smelting/processing costs (labour, material used abroad excluding cost of exported goods, and other payable charges) plus insurance and freight both ways, subject to import within one year of export of concentrates and sufficient evidence that the imports were produced from those concentrates.
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.
Customs exemption for toll processed copper limits assessable duty to tolling costs, insurance and freight when conditions are met.
Exemption reduces customs duty on imported copper wire bars, cathodes and wire rods produced from concentrates sent abroad for toll smelting or toll processing to an amount representing only toll smelting/processing costs (labour, material used abroad excluding cost of exported goods, and other payable charges) plus insurance and freight both ways, subject to import within one year of export of concentrates and sufficient evidence that the imports were produced from those concentrates.
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