Customs exemption for excess freight charges on air imports reduces duty liability on value uplift. Exemption removes from the customs duty base the portion of assessable value attributable to air freight exceeding a prescribed percentage of the f.o.b. value; if freight is below that percentage, the exemption applies only to the actual freight percentage incurred, thereby reducing the value on which customs duty is levied for goods imported by air.
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 for excess freight charges on air imports reduces duty liability on value uplift.
Exemption removes from the customs duty base the portion of assessable value attributable to air freight exceeding a prescribed percentage of the f.o.b. value; if freight is below that percentage, the exemption applies only to the actual freight percentage incurred, thereby reducing the value on which customs duty is levied for goods imported by air.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.