Customs exemption for specified nylon tyres limits duty to capped ad valorem rate for approved importers with certificate. The Central Government exempts specified ribbed, lug and semi-lug nylon tyres in Chapter 40 from customs duty in excess of an amount computed at 60 per cent ad valorem when imported by listed categories of importers, subject to presentation at importation of a certificate from an officer not below Joint Secretary, Department of Industrial Development, confirming the importer's qualifying status or manufacturer-use of the tyres.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for specified nylon tyres limits duty to capped ad valorem rate for approved importers with certificate.
The Central Government exempts specified ribbed, lug and semi-lug nylon tyres in Chapter 40 from customs duty in excess of an amount computed at 60 per cent ad valorem when imported by listed categories of importers, subject to presentation at importation of a certificate from an officer not below Joint Secretary, Department of Industrial Development, confirming the importer's qualifying status or manufacturer-use of the tyres.
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