Customs exemption for acid oils caps import duty above a specified ad valorem rate to limit payable duty. Exemption narrows import duty liability for acid oils under sub heading 1519.19 by excluding from charge any portion of customs duty above a capped ad valorem rate, reducing the effective customs burden on such acid oils; the notification identifies the tariff sub heading, limits the exemption to the excess over the specified ad valorem ceiling, and fixes its commencement date for application at import clearance.
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Customs exemption for acid oils caps import duty above a specified ad valorem rate to limit payable duty.
Exemption narrows import duty liability for acid oils under sub heading 1519.19 by excluding from charge any portion of customs duty above a capped ad valorem rate, reducing the effective customs burden on such acid oils; the notification identifies the tariff sub heading, limits the exemption to the excess over the specified ad valorem ceiling, and fixes its commencement date for application at import clearance.
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