Customs basic duty rates limited by notification, fixing effective ad valorem duty for Chapter 30 imports while preserving other exemptions. The Central Government exempts, under section 25(1) of the Customs Act, 1962, goods under Chapter 30 from that part of First Schedule basic customs duty exceeding the ad valorem rate specified in the Table, thereby fixing the effective basic duty on those imports at the notified ad valorem rates and preserving other existing exemption notifications.
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Customs basic duty rates limited by notification, fixing effective ad valorem duty for Chapter 30 imports while preserving other exemptions.
The Central Government exempts, under section 25(1) of the Customs Act, 1962, goods under Chapter 30 from that part of First Schedule basic customs duty exceeding the ad valorem rate specified in the Table, thereby fixing the effective basic duty on those imports at the notified ad valorem rates and preserving other existing exemption notifications.
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