Customs duty exemption on lactose for homoeopathic manufacture limits basic duty rate and waives additional duty. Notification exempts imported lactose conforming to Homoeopathic Pharmacopoeia of India under sub heading 1702.10 for manufacture of homoeopathic medicines by limiting basic customs duty to an amount equivalent to a 15 percent ad valorem rate and by waiving the additional duty under section 3, subject to an importer's undertaking to use the goods for the specified purpose, maintain prescribed accounts, produce certified extracts within three months (or extended period), and pay on demand the duty difference if conditions are not met.
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.
Customs duty exemption on lactose for homoeopathic manufacture limits basic duty rate and waives additional duty.
Notification exempts imported lactose conforming to Homoeopathic Pharmacopoeia of India under sub heading 1702.10 for manufacture of homoeopathic medicines by limiting basic customs duty to an amount equivalent to a 15 percent ad valorem rate and by waiving the additional duty under section 3, subject to an importer's undertaking to use the goods for the specified purpose, maintain prescribed accounts, produce certified extracts within three months (or extended period), and pay on demand the duty difference if conditions are not met.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
