Customs tariff amendment revises exemption rates and tariff classifications, and limits additional duty to a capped ad valorem rate. Amendments substitute lower and revised ad valorem rates and alter tariff classification entries in listed exemption notifications, including replacement and omission of specific item entries; they clarify that exemptions for self-propelled trucks (including fork lift trucks) exclude parts interchangeable with motor vehicles; and they insert a provision excluding from exemption any portion of additional customs duty that exceeds an amount computed at a specified ad valorem rate.
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Customs tariff amendment revises exemption rates and tariff classifications, and limits additional duty to a capped ad valorem rate.
Amendments substitute lower and revised ad valorem rates and alter tariff classification entries in listed exemption notifications, including replacement and omission of specific item entries; they clarify that exemptions for self-propelled trucks (including fork lift trucks) exclude parts interchangeable with motor vehicles; and they insert a provision excluding from exemption any portion of additional customs duty that exceeds an amount computed at a specified ad valorem rate.
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