Customs duty exemption for imported iron ore pellets limits payable duty to a specified ad valorem threshold. The Central Government exempts imports of iron ore pellets under Chapter 26 from customs duty to the extent that duty exceeds a specified ad valorem threshold, invoking powers under the Customs Act to cap the effective levy on such imported goods as set out in the First Schedule to the Customs Tariff Act.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for imported iron ore pellets limits payable duty to a specified ad valorem threshold.
The Central Government exempts imports of iron ore pellets under Chapter 26 from customs duty to the extent that duty exceeds a specified ad valorem threshold, invoking powers under the Customs Act to cap the effective levy on such imported goods as set out in the First Schedule to the Customs Tariff Act.
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