Customs exemption caps basic duty on specified imported goods by imposing an ad valorem ceiling at import. The Central Government exempts all goods falling under sub heading No. 1207.10 when imported into India from so much of the basic customs duty specified in the First Schedule as is in excess of a specified ad valorem ceiling, exercising statutory power on public interest grounds.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption caps basic duty on specified imported goods by imposing an ad valorem ceiling at import.
The Central Government exempts all goods falling under sub heading No. 1207.10 when imported into India from so much of the basic customs duty specified in the First Schedule as is in excess of a specified ad valorem ceiling, exercising statutory power on public interest grounds.
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