Customs exemption for specified botanical extracts caps customs duty at an ad valorem rate and exempts additional duty. The Central Government exempts Wattle extract, Quebracho extract and Chestnut extract, when imported and falling under the Customs Tariff First Schedule heading for tannin extracts, from so much of the customs duty that exceeds the amount calculated at the rate of fifteen per cent ad valorem and from the whole of the additional duty leviable under section 3 of the Customs Tariff Act.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for specified botanical extracts caps customs duty at an ad valorem rate and exempts additional duty.
The Central Government exempts Wattle extract, Quebracho extract and Chestnut extract, when imported and falling under the Customs Tariff First Schedule heading for tannin extracts, from so much of the customs duty that exceeds the amount calculated at the rate of fifteen per cent ad valorem and from the whole of the additional duty leviable under section 3 of the Customs Tariff Act.
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