Customs duty rate limitation reduces basic customs duty on specified Chapter goods via statutory exemption of excess duty. Exempts imports of goods under Chapter 4 tariff headings from any part of the First Schedule basic customs duty that exceeds a specified ad valorem rate by reducing the chargeable duty to that ad valorem rate; the Central Government grants this relief in the public interest through a notification covering all goods within the listed headings so that the excess duty is relieved at importation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Customs duty rate limitation reduces basic customs duty on specified Chapter goods via statutory exemption of excess duty.
Exempts imports of goods under Chapter 4 tariff headings from any part of the First Schedule basic customs duty that exceeds a specified ad valorem rate by reducing the chargeable duty to that ad valorem rate; the Central Government grants this relief in the public interest through a notification covering all goods within the listed headings so that the excess duty is relieved at importation.
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