Customs duty cap: specified chapter thirty five imports subject to a capped basic duty on import under government notification. The Central Government exempts specified Chapter 35 imports from so much of the basic customs duty as exceeds an amount calculated at the ad valorem rate prescribed in the notification, replacing the duty otherwise leviable under the First Schedule with the capped ad valorem rate for the listed tariff sub headings.
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Provisions expressly mentioned in the judgment/order text.
Customs duty cap: specified chapter thirty five imports subject to a capped basic duty on import under government notification.
The Central Government exempts specified Chapter 35 imports from so much of the basic customs duty as exceeds an amount calculated at the ad valorem rate prescribed in the notification, replacing the duty otherwise leviable under the First Schedule with the capped ad valorem rate for the listed tariff sub headings.
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