Customs exemption caps excess duty above a specified ad valorem rate for goods under a designated tariff heading. The Central Government exempts goods under the designated tariff heading from so much of the customs duty in the First Schedule as exceeds an effective ad valorem rate of 55 percent, thereby capping leviable duty at that stated ad valorem rate pursuant to a customs notification dated 20-3-1990.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption caps excess duty above a specified ad valorem rate for goods under a designated tariff heading.
The Central Government exempts goods under the designated tariff heading from so much of the customs duty in the First Schedule as exceeds an effective ad valorem rate of 55 percent, thereby capping leviable duty at that stated ad valorem rate pursuant to a customs notification dated 20-3-1990.
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