Customs exemption for non-alloy steel billets limits customs duty to a fixed ad valorem rate on imports. Exempts non-alloy steel billets under heading No. 72.07 that conform to IS:2830, IS:2831 or BIS-recognised equivalents from so much of the customs duty leviable under the First Schedule as exceeds the amount calculated at the rate of 15 per cent ad valorem on import; supersedes prior Notification No. 213/85-Customs and remains in force up to and including 30 June 1989.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for non-alloy steel billets limits customs duty to a fixed ad valorem rate on imports.
Exempts non-alloy steel billets under heading No. 72.07 that conform to IS:2830, IS:2831 or BIS-recognised equivalents from so much of the customs duty leviable under the First Schedule as exceeds the amount calculated at the rate of 15 per cent ad valorem on import; supersedes prior Notification No. 213/85-Customs and remains in force up to and including 30 June 1989.
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