Customs exemption limits duty on imported woollen and synthetic rags to a capped ad valorem rate, reducing payable liability. Exemption confines customs duty on imported woollen rags and synthetic rags by disapplying any duty in excess of a capped ad valorem rate; the Central Government, exercising powers under the Customs Act, prescribes that imports of those rags shall attract customs only up to that ad valorem limit, thereby limiting effective customs liability.
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 limits duty on imported woollen and synthetic rags to a capped ad valorem rate, reducing payable liability.
Exemption confines customs duty on imported woollen rags and synthetic rags by disapplying any duty in excess of a capped ad valorem rate; the Central Government, exercising powers under the Customs Act, prescribes that imports of those rags shall attract customs only up to that ad valorem limit, thereby limiting effective customs liability.
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