Customs duty exemption sets maximum basic duty rates for specified Chapter 14 imports, fixing effective ad valorem charges on import. Government exempts specified imports under Chapter 14 from basic customs duty in excess of prescribed effective ad valorem rates. The notification limits basic duty on imports to the Table's rates: headings 14.01, 14.02 and 14.03 at 55% ad valorem; subheading 1404.10 at 35% ad valorem; and subheadings 1404.20 and 1404.90 at 55% ad valorem, thereby capping the duty payable on those goods at importation.
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Customs duty exemption sets maximum basic duty rates for specified Chapter 14 imports, fixing effective ad valorem charges on import.
Government exempts specified imports under Chapter 14 from basic customs duty in excess of prescribed effective ad valorem rates. The notification limits basic duty on imports to the Table's rates: headings 14.01, 14.02 and 14.03 at 55% ad valorem; subheading 1404.10 at 35% ad valorem; and subheadings 1404.20 and 1404.90 at 55% ad valorem, thereby capping the duty payable on those goods at importation.
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