Customs duty cap prevents charging excess duty on specified imported goods by limiting duty to stated ad valorem rates. Permits specified goods under listed tariff sub headings of Chapters 84 and 85 to be exempted from any portion of the basic customs duty in the First Schedule that exceeds the amount calculable at the effective ad valorem rates set out in the notification's Table, while preserving any other existing exemptions.
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Provisions expressly mentioned in the judgment/order text.
Customs duty cap prevents charging excess duty on specified imported goods by limiting duty to stated ad valorem rates.
Permits specified goods under listed tariff sub headings of Chapters 84 and 85 to be exempted from any portion of the basic customs duty in the First Schedule that exceeds the amount calculable at the effective ad valorem rates set out in the notification's Table, while preserving any other existing exemptions.
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