Customs exemption to crude petroleum caps payable duty per tonne on imports, relieving any excess levy. Exempts imports of crude petroleum falling under the First Schedule tariff heading from so much of the customs duty as exceeds the amount calculated at a specified per metric tonne rate, thereby capping payable duty on importation and relieving any excess.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption to crude petroleum caps payable duty per tonne on imports, relieving any excess levy.
Exempts imports of crude petroleum falling under the First Schedule tariff heading from so much of the customs duty as exceeds the amount calculated at a specified per metric tonne rate, thereby capping payable duty on importation and relieving any excess.
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