Customs duty cap on specified imports limits payable duty to prescribed ad valorem rates for listed Chapter 86 goods. The notification limits payable basic customs duty on specified imports under Chapter 86 by exempting those goods from any portion of duty in excess of the amounts calculated at the ad valorem rates listed in the accompanying Table; it applies these capped rates to the relevant First Schedule heading or sub heading entries pursuant to the executive power under section 25(1) of the Customs Act.
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 cap on specified imports limits payable duty to prescribed ad valorem rates for listed Chapter 86 goods.
The notification limits payable basic customs duty on specified imports under Chapter 86 by exempting those goods from any portion of duty in excess of the amounts calculated at the ad valorem rates listed in the accompanying Table; it applies these capped rates to the relevant First Schedule heading or sub heading entries pursuant to the executive power under section 25(1) of the Customs Act.
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 
