Customs duty exemption for specified silk-industry machinery reduces duty to a capped ad valorem rate and waives additional duty. Exemption is granted for specified goods falling in Chapters 84, 85 or 90 when imported for use in the silk industry: (a) the portion of customs duty in the First Schedule in excess of the amount calculated at the rate of 35 per cent ad valorem is exempted; and (b) the whole of the additional duty of customs leviable under the Customs Tariff Act is exempted. The Table enumerates eligible machinery categories such as feeders, combs, spinning and twisting machines, reeling and winding machines, carding and drawing sets, looms, finishing machinery, and silk waste processing equipment.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for specified silk-industry machinery reduces duty to a capped ad valorem rate and waives additional duty.
Exemption is granted for specified goods falling in Chapters 84, 85 or 90 when imported for use in the silk industry: (a) the portion of customs duty in the First Schedule in excess of the amount calculated at the rate of 35 per cent ad valorem is exempted; and (b) the whole of the additional duty of customs leviable under the Customs Tariff Act is exempted. The Table enumerates eligible machinery categories such as feeders, combs, spinning and twisting machines, reeling and winding machines, carding and drawing sets, looms, finishing machinery, and silk waste processing equipment.
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