Customs exemption for imports under Heading 98.01 permits capped ad valorem duty relief for specified gas projects. The Central Government exempts goods falling under Heading No. 98.01, when imported for the specified projects of the Gas Authority of India Ltd., from that portion of customs duty which exceeds an amount calculated at the rate of 40% ad valorem, applying only to the projects listed in the Notification's Table.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for imports under Heading 98.01 permits capped ad valorem duty relief for specified gas projects.
The Central Government exempts goods falling under Heading No. 98.01, when imported for the specified projects of the Gas Authority of India Ltd., from that portion of customs duty which exceeds an amount calculated at the rate of 40% ad valorem, applying only to the projects listed in the Notification's Table.
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