Customs exemption caps duty on imported computers and peripherals to a fixed ad valorem rate under statutory authority. The Central Government exempts goods classified as computers and peripherals from that portion of customs duty which exceeds an amount calculated at the rate of 35 per cent ad valorem, thereby capping the payable duty on those imported items; the exemption is effected by notification under statutory authority and applies only to the excess duty above the prescribed ad valorem amount.
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 caps duty on imported computers and peripherals to a fixed ad valorem rate under statutory authority.
The Central Government exempts goods classified as computers and peripherals from that portion of customs duty which exceeds an amount calculated at the rate of 35 per cent ad valorem, thereby capping the payable duty on those imported items; the exemption is effected by notification under statutory authority and applies only to the excess duty above the prescribed ad valorem amount.
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 
