Customs exemption for butadiene imports capped at an ad valorem rate, removing additional duty for synthetic rubber manufacture. The Central Government, under section 25(1) of the Customs Act, 1962, exempts butadiene under Heading No. 29.01 when imported for manufacture of synthetic rubber from that portion of customs duty in excess of the amount calculated at the rate of 40 per cent ad valorem and from the whole of the additional duty leviable under Section 3 of the Customs Tariff Act; the notification remains in force up to and including 31 December 1989.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for butadiene imports capped at an ad valorem rate, removing additional duty for synthetic rubber manufacture.
The Central Government, under section 25(1) of the Customs Act, 1962, exempts butadiene under Heading No. 29.01 when imported for manufacture of synthetic rubber from that portion of customs duty in excess of the amount calculated at the rate of 40 per cent ad valorem and from the whole of the additional duty leviable under Section 3 of the Customs Tariff Act; the notification remains in force up to and including 31 December 1989.
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