Exemption cap on customs duty for specified polymer and resin imports limits payable duty to prescribed rates on import. The Central Government exempts Chapter 39 imports from that portion of basic customs duty in excess of amounts calculated at the specified ad valorem percentages or specific per weight rates for listed polymers, resins, cellulose acetate products, acrylic scrap and related goods, thereby capping payable duty for each listed item at the stated rate while leaving other in force notification exemptions unaffected.
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.
Exemption cap on customs duty for specified polymer and resin imports limits payable duty to prescribed rates on import.
The Central Government exempts Chapter 39 imports from that portion of basic customs duty in excess of amounts calculated at the specified ad valorem percentages or specific per weight rates for listed polymers, resins, cellulose acetate products, acrylic scrap and related goods, thereby capping payable duty for each listed item at the stated rate while leaving other in force notification exemptions unaffected.
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