Partial exemption from auxiliary duty on imported cinematograph film limited to value components of print, freight and insurance. The Central Government exempts, at importation, that portion of auxiliary customs duty on exposed cinematograph film which exceeds an amount calculated at a specified proportion of the value representing only the cost of the print and the freight and insurance charges incurred in respect of that print, thereby limiting the taxable base for auxiliary duty to those specified components.
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.
Partial exemption from auxiliary duty on imported cinematograph film limited to value components of print, freight and insurance.
The Central Government exempts, at importation, that portion of auxiliary customs duty on exposed cinematograph film which exceeds an amount calculated at a specified proportion of the value representing only the cost of the print and the freight and insurance charges incurred in respect of that print, thereby limiting the taxable base for auxiliary duty to those specified components.
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