Customs exemption limits duty on specified Chapter 15 imports to prescribed effective ad valorem rates under the Customs Act. The Central Government exempts specified imported goods under Chapter 15 from customs duty to the extent that duty exceeds the amount calculated at the ad valorem rate specified in column (4) of the Table annexed; the exemption caps the duty payable for each First Schedule tariff sub heading at the effective ad valorem rate shown and distinguishes classifications (for example, rapeseed oil versus other goods) where different rates apply.
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 exemption limits duty on specified Chapter 15 imports to prescribed effective ad valorem rates under the Customs Act.
The Central Government exempts specified imported goods under Chapter 15 from customs duty to the extent that duty exceeds the amount calculated at the ad valorem rate specified in column (4) of the Table annexed; the exemption caps the duty payable for each First Schedule tariff sub heading at the effective ad valorem rate shown and distinguishes classifications (for example, rapeseed oil versus other goods) where different rates apply.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
