Basic customs duty cap limits excess duty on specified textile imports to a fixed ad valorem ceiling. The Central Government, under the Customs Act, exempts goods under specified tariff headings from that portion of customs duty which is in excess of the amount calculated at the rate of thirty-five per cent. ad valorem, thereby capping the effective basic duty payable on those imported goods.
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Provisions expressly mentioned in the judgment/order text.
Basic customs duty cap limits excess duty on specified textile imports to a fixed ad valorem ceiling.
The Central Government, under the Customs Act, exempts goods under specified tariff headings from that portion of customs duty which is in excess of the amount calculated at the rate of thirty-five per cent. ad valorem, thereby capping the effective basic duty payable on those imported goods.
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