Customs duty exemption for oleo pine resin permits imports for manufacture of gum rosin and turpentine with capped duty. The Government exempts oleo pine resin (Chapter 13) imported for manufacture of gum rosin and turpentine from that portion of customs duty in excess of the amount calculated at the rate of 20 per cent ad valorem, under the powers of section 25(1) of the Customs Act, 1962; the exemption remains in force up to and inclusive of 31st December, 1987.
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 duty exemption for oleo pine resin permits imports for manufacture of gum rosin and turpentine with capped duty.
The Government exempts oleo pine resin (Chapter 13) imported for manufacture of gum rosin and turpentine from that portion of customs duty in excess of the amount calculated at the rate of 20 per cent ad valorem, under the powers of section 25(1) of the Customs Act, 1962; the exemption remains in force up to and inclusive of 31st December, 1987.
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