Exemption for woollen industry machinery caps customs duty at an ad valorem rate and waives additional customs duty. The Government exempts specified machinery imported for use in the woollen industry from customs duty in excess of an ad valorem ceiling and from the additional duty under the Customs Tariff Act, applying the concession to listed textile and finishing machines when imported for use in woollen manufacture.
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Provisions expressly mentioned in the judgment/order text.
Exemption for woollen industry machinery caps customs duty at an ad valorem rate and waives additional customs duty.
The Government exempts specified machinery imported for use in the woollen industry from customs duty in excess of an ad valorem ceiling and from the additional duty under the Customs Tariff Act, applying the concession to listed textile and finishing machines when imported for use in woollen manufacture.
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