Auxiliary customs duty cap for specified wood imports: duty exempted above a prescribed valuation-based rate. Exempts imports of specified Chapter 44 wood (wood in the rough; roughly squared and half-squared, not further manufactured) from that part of the auxiliary customs duty which exceeds the amount calculated at the rate of 5 per cent of the value of such goods as determined under valuation provisions, thereby capping auxiliary duty payable on those goods.
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Auxiliary customs duty cap for specified wood imports: duty exempted above a prescribed valuation-based rate.
Exempts imports of specified Chapter 44 wood (wood in the rough; roughly squared and half-squared, not further manufactured) from that part of the auxiliary customs duty which exceeds the amount calculated at the rate of 5 per cent of the value of such goods as determined under valuation provisions, thereby capping auxiliary duty payable on those goods.
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