Customs duty exemption for specified bulk drugs on import limits payable customs duty to a capped ad valorem rate. The Central Government exempts imports of the listed bulk drugs, including their salts and esters, from so much of the customs duty as exceeds the amount chargeable at an ad valorem rate of 35 percent under the Customs Tariff Act, thereby capping the effective customs liability on those specified pharmaceutical ingredients.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for specified bulk drugs on import limits payable customs duty to a capped ad valorem rate.
The Central Government exempts imports of the listed bulk drugs, including their salts and esters, from so much of the customs duty as exceeds the amount chargeable at an ad valorem rate of 35 percent under the Customs Tariff Act, thereby capping the effective customs liability on those specified pharmaceutical ingredients.
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