Customs duty exemption caps duty on specified chemical imports to a fixed ad valorem rate. The Central Government exempts ethyl benzene, styrene, butene 1 and pure octenes (Chapter 29) from customs duty to the extent that such duty exceeds the amount calculated at a specified ad valorem rate, thereby capping customs liability on those imports under the statutory power invoked.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption caps duty on specified chemical imports to a fixed ad valorem rate.
The Central Government exempts ethyl benzene, styrene, butene 1 and pure octenes (Chapter 29) from customs duty to the extent that such duty exceeds the amount calculated at a specified ad valorem rate, thereby capping customs liability on those imports under the statutory power invoked.
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