Partial exemption from auxiliary customs duty on specified imports reduces duty above a set ad valorem threshold. Exempts specified imported goods from that portion of the auxiliary customs duty which exceeds 25% ad valorem, with valuation under section 14 of the Customs Act; the exemption is effected under section 25(1) of the Customs Act read with the Finance Bill, 1991, and applies only to goods listed by chapter and description in the annexed Table. The notification includes an explanation excluding hydrocarbon oils with flash points below 93.3 centigrade from the definition of lubricating oil.
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Provisions expressly mentioned in the judgment/order text.
Partial exemption from auxiliary customs duty on specified imports reduces duty above a set ad valorem threshold.
Exempts specified imported goods from that portion of the auxiliary customs duty which exceeds 25% ad valorem, with valuation under section 14 of the Customs Act; the exemption is effected under section 25(1) of the Customs Act read with the Finance Bill, 1991, and applies only to goods listed by chapter and description in the annexed Table. The notification includes an explanation excluding hydrocarbon oils with flash points below 93.3 centigrade from the definition of lubricating oil.
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