Customs duty exemption on imported metals limits assessable value to toll processing costs plus insurance and freight, subject to time and proof. Exempts specified imported metals from customs duty to the extent that their value is limited to the aggregate of toll smelting or toll processing costs (labour, materials other than the exported goods, and other payable charges) plus two-way insurance and freight, where the metals are produced abroad from exported copper reverts, spent anodes or anode slime and are imported subject to a time limit and sufficient evidence of having been obtained by the foreign toll smelting or processing.
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 on imported metals limits assessable value to toll processing costs plus insurance and freight, subject to time and proof.
Exempts specified imported metals from customs duty to the extent that their value is limited to the aggregate of toll smelting or toll processing costs (labour, materials other than the exported goods, and other payable charges) plus two-way insurance and freight, where the metals are produced abroad from exported copper reverts, spent anodes or anode slime and are imported subject to a time limit and sufficient evidence of having been obtained by the foreign toll smelting or processing.
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