Customs duty cap for titanium dioxide imports limits liability to duties up to a prescribed ad valorem rate. The Central Government, exercising powers under Section 25(1) of the Customs Act, 1962, exempts titanium dioxide falling within Chapter 28 or Chapter 32 of the First Schedule to the Customs Tariff Act, 1975, when imported into India, from so much of the customs duty leviable thereon as is in excess of the amount calculated at a specified ad valorem rate, thereby capping duty liability for those tariff lines for the stated period.
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Customs duty cap for titanium dioxide imports limits liability to duties up to a prescribed ad valorem rate.
The Central Government, exercising powers under Section 25(1) of the Customs Act, 1962, exempts titanium dioxide falling within Chapter 28 or Chapter 32 of the First Schedule to the Customs Tariff Act, 1975, when imported into India, from so much of the customs duty leviable thereon as is in excess of the amount calculated at a specified ad valorem rate, thereby capping duty liability for those tariff lines for the stated period.
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