Customs exemption for cocoa beans caps ad valorem duty on imports above a specified rate. The central government exempts cocoa beans under Heading 18.01, whole or broken, raw or roasted, when imported, from so much of the customs duty as exceeds the amount calculated at the rate of twenty five per cent ad valorem, thus capping the chargeable duty at that ad valorem rate.
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Customs exemption for cocoa beans caps ad valorem duty on imports above a specified rate.
The central government exempts cocoa beans under Heading 18.01, whole or broken, raw or roasted, when imported, from so much of the customs duty as exceeds the amount calculated at the rate of twenty five per cent ad valorem, thus capping the chargeable duty at that ad valorem rate.
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