Cap on basic customs duty for specified refractory raw materials restricts payable duty to a prescribed ad valorem rate. The Central Government, exercising statutory power in the public interest, exempts certain refractory raw materials (specified chromite ore, fused magnesia, magnesia-chrome, magnesia-lime and magnesia-alumina sinters) falling under Chapters 25, 26, 28 or 38 of the Customs Tariff Schedule from so much of the basic customs duty as exceeds 55% ad valorem, thereby establishing a ceiling on payable basic customs duty for those goods.
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.
Cap on basic customs duty for specified refractory raw materials restricts payable duty to a prescribed ad valorem rate.
The Central Government, exercising statutory power in the public interest, exempts certain refractory raw materials (specified chromite ore, fused magnesia, magnesia-chrome, magnesia-lime and magnesia-alumina sinters) falling under Chapters 25, 26, 28 or 38 of the Customs Tariff Schedule from so much of the basic customs duty as exceeds 55% ad valorem, thereby establishing a ceiling on payable basic customs duty for those goods.
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