Customs basic duty cap limits excess duty on specified textile headings when imported into India under statutory exemption. Exempts goods under Heading Nos. 53.06 to 53.08 of the First Schedule to the Customs Tariff Act, 1975, from that portion of the basic customs duty leviable on importation which exceeds the amount computed at the rate of fifty five per cent ad valorem, pursuant to the Central Government's powers under the Customs Act, 1962 and exercised in the public interest.
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Provisions expressly mentioned in the judgment/order text.
Customs basic duty cap limits excess duty on specified textile headings when imported into India under statutory exemption.
Exempts goods under Heading Nos. 53.06 to 53.08 of the First Schedule to the Customs Tariff Act, 1975, from that portion of the basic customs duty leviable on importation which exceeds the amount computed at the rate of fifty five per cent ad valorem, pursuant to the Central Government's powers under the Customs Act, 1962 and exercised in the public interest.
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