Customs exemption for motor vehicle parts limits payable duty on imports to a specified ad valorem rate. Exempts components and parts of motor vehicles from customs duty to the extent that duty exceeds the amount calculated at the rate of 35% ad valorem on their value, by central government notification exercised in the public interest, thereby capping payable duty on such imports.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for motor vehicle parts limits payable duty on imports to a specified ad valorem rate.
Exempts components and parts of motor vehicles from customs duty to the extent that duty exceeds the amount calculated at the rate of 35% ad valorem on their value, by central government notification exercised in the public interest, thereby capping payable duty on such imports.
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