Exemption of foundry machines from customs duty in excess of prescribed ad valorem rate and additional duty. Government exempts the listed foundry machines under Chapter 84 from customs duty insofar as such duty exceeds the amount calculated at a thirty per cent ad valorem rate and also exempts them from the whole of the additional duty leviable under the Customs Tariff Act when imported into India.
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Provisions expressly mentioned in the judgment/order text.
Exemption of foundry machines from customs duty in excess of prescribed ad valorem rate and additional duty.
Government exempts the listed foundry machines under Chapter 84 from customs duty insofar as such duty exceeds the amount calculated at a thirty per cent ad valorem rate and also exempts them from the whole of the additional duty leviable under the Customs Tariff Act when imported into India.
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