Auxiliary duty exemption caps set for specified imports; excess duty beyond prescribed rates will not be leviable. The Central Government exempts specified goods listed in the First Schedule from auxiliary duty to the extent that duty would exceed the amount computed at the rates specified in the annexed Table, thereby capping auxiliary duty at the prescribed rates for each description; the exemption does not affect other existing exemptions and valuation for applying the capped rates follows the statutory Customs valuation provisions.
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.
Auxiliary duty exemption caps set for specified imports; excess duty beyond prescribed rates will not be leviable.
The Central Government exempts specified goods listed in the First Schedule from auxiliary duty to the extent that duty would exceed the amount computed at the rates specified in the annexed Table, thereby capping auxiliary duty at the prescribed rates for each description; the exemption does not affect other existing exemptions and valuation for applying the capped rates follows the statutory Customs valuation provisions.
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