Partial exemption from auxiliary customs duty on specified imports limits duty liability above a base ad valorem rate. The Central Government exempts the goods specified in the annexed table from that portion of auxiliary customs duty which exceeds the amount calculated at the rate of 5% ad valorem of value as determined under section 14 of the Customs Act, when imported into India. The exemption covers listed Chapters of the First Schedule to the Customs Tariff Act, is subject to a proviso excluding goods for which an importer claims an alternative exemption under a separate notification, and includes a definition excluding low flash point hydrocarbon oils from 'lubricating oil.'
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 customs duty on specified imports limits duty liability above a base ad valorem rate.
The Central Government exempts the goods specified in the annexed table from that portion of auxiliary customs duty which exceeds the amount calculated at the rate of 5% ad valorem of value as determined under section 14 of the Customs Act, when imported into India. The exemption covers listed Chapters of the First Schedule to the Customs Tariff Act, is subject to a proviso excluding goods for which an importer claims an alternative exemption under a separate notification, and includes a definition excluding low flash point hydrocarbon oils from "lubricating oil."
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
