Effective Rate of Basic Customs Duty: exemption caps duty on narrow elastic tapes at a specified ad valorem import rate. The Central Government exempts narrow elastic tapes under Heading 58.06 from so much of the basic customs duty as exceeds the ad valorem rate specified in the First Schedule, capping the effective duty payable on imports of that commodity.
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Effective Rate of Basic Customs Duty: exemption caps duty on narrow elastic tapes at a specified ad valorem import rate.
The Central Government exempts narrow elastic tapes under Heading 58.06 from so much of the basic customs duty as exceeds the ad valorem rate specified in the First Schedule, capping the effective duty payable on imports of that commodity.
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