Customs exemption limits cap basic duty on specified Chapter 89 goods, reducing import duty liability for importers. The notification invokes section 25(1) of the Customs Act to exempt imports of goods under specified Chapter 89 sub headings from that portion of basic customs duty exceeding the amount calculated at the rate of 35% ad valorem, listing the covered sub headings and goods; a proviso preserves any other existing exemption notifications.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption limits cap basic duty on specified Chapter 89 goods, reducing import duty liability for importers.
The notification invokes section 25(1) of the Customs Act to exempt imports of goods under specified Chapter 89 sub headings from that portion of basic customs duty exceeding the amount calculated at the rate of 35% ad valorem, listing the covered sub headings and goods; a proviso preserves any other existing exemption notifications.
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