Basic duty rate caps customs charges on specified chapter imports, limiting excess duty payable on listed goods. The Central Government exempts goods under First Schedule headings for Chapter 33 from so much of the customs duty as is in excess of the amount calculated at the specified ad valorem rate, thereby capping the basic duty leviable on imports of all goods classified under headings 33.01 to 33.07 at the notified effective rate.
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Provisions expressly mentioned in the judgment/order text.
Basic duty rate caps customs charges on specified chapter imports, limiting excess duty payable on listed goods.
The Central Government exempts goods under First Schedule headings for Chapter 33 from so much of the customs duty as is in excess of the amount calculated at the specified ad valorem rate, thereby capping the basic duty leviable on imports of all goods classified under headings 33.01 to 33.07 at the notified effective rate.
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