Customs exemption for musical instruments caps payable duty at a set ad valorem rate on imports. The executive notification exempts goods in Chapter 92 from customs duty to the extent that duty exceeds an amount computed at a 30% ad valorem rate on their importation into India, invoking delegated authority and public interest grounds to cap payable duty for those imports.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for musical instruments caps payable duty at a set ad valorem rate on imports.
The executive notification exempts goods in Chapter 92 from customs duty to the extent that duty exceeds an amount computed at a 30% ad valorem rate on their importation into India, invoking delegated authority and public interest grounds to cap payable duty for those imports.
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