Customs exemption for specified machinery and optical equipment limits customs duty payable on their importation. Central Government grants a targeted customs exemption for a defined list of imported mechanical, magnetic and optical devices by relieving customs duty in excess of the amount calculated at a specified ad valorem rate; the relief applies only to the enumerated items when imported into India, thereby capping assessable customs liability for those goods relative to the tariff-specified duty.
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 for specified machinery and optical equipment limits customs duty payable on their importation.
Central Government grants a targeted customs exemption for a defined list of imported mechanical, magnetic and optical devices by relieving customs duty in excess of the amount calculated at a specified ad valorem rate; the relief applies only to the enumerated items when imported into India, thereby capping assessable customs liability for those goods relative to the tariff-specified duty.
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