Exemption from auxiliary customs duty caps excess charges on specified imports, limiting additional duty where statutory caps apply. Exemption from auxiliary duty of customs is granted for specified imported goods where the auxiliary duty leviable under the Finance Act exceeds a capped rate; the Central Government exempts the portion in excess of forty percent of the value of the goods as determined under customs valuation rules, applying to goods specified by chapter and heading in the First Schedule to the Customs Tariff Act when imported.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption from auxiliary customs duty caps excess charges on specified imports, limiting additional duty where statutory caps apply.
Exemption from auxiliary duty of customs is granted for specified imported goods where the auxiliary duty leviable under the Finance Act exceeds a capped rate; the Central Government exempts the portion in excess of forty percent of the value of the goods as determined under customs valuation rules, applying to goods specified by chapter and heading in the First Schedule to the Customs Tariff Act when imported.
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