Customs duty exemption for fishing-net manufacturing machinery caps payable basic duty and waives additional statutory duty. The Central Government exempts imported machinery for the manufacture of fishing nets (Chapter 84) from that part of basic customs duty in excess of an ad valorem cap of thirty-five percent and from the whole of the additional customs duty otherwise leviable under the Customs Tariff framework, providing targeted import-duty relief for qualifying machinery.
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 exemption for fishing-net manufacturing machinery caps payable basic duty and waives additional statutory duty.
The Central Government exempts imported machinery for the manufacture of fishing nets (Chapter 84) from that part of basic customs duty in excess of an ad valorem cap of thirty-five percent and from the whole of the additional customs duty otherwise leviable under the Customs Tariff framework, providing targeted import-duty relief for qualifying machinery.
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