Customs duty cap limits basic duty on Chapter 46 goods, exempting amounts above the permitted ad valorem rate. Exempts all goods within Chapter 46 of the Customs Tariff from that part of basic customs duty specified in the tariff schedule which exceeds an effective ceiling of 55% ad valorem, exercised under the executive power to grant exemptions in the public interest and thereby limiting the effective basic duty payable on those goods to the stated ad valorem rate.
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Provisions expressly mentioned in the judgment/order text.
Customs duty cap limits basic duty on Chapter 46 goods, exempting amounts above the permitted ad valorem rate.
Exempts all goods within Chapter 46 of the Customs Tariff from that part of basic customs duty specified in the tariff schedule which exceeds an effective ceiling of 55% ad valorem, exercised under the executive power to grant exemptions in the public interest and thereby limiting the effective basic duty payable on those goods to the stated ad valorem rate.
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