Customs duty exemption reduces payable duty on specified imported copper goods by fixing a lower chargeable rate. The central government, under powers conferred by the Customs Act, 1962, exempts specified Chapter 74 copper goods imported into India from that portion of customs duty in excess of amounts calculated at the rates prescribed in the annexed Table, which lists categories: copper matte and master alloys; unwrought copper; copper wires; and copper rods, with corresponding chargeable rates for computing duty.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption reduces payable duty on specified imported copper goods by fixing a lower chargeable rate.
The central government, under powers conferred by the Customs Act, 1962, exempts specified Chapter 74 copper goods imported into India from that portion of customs duty in excess of amounts calculated at the rates prescribed in the annexed Table, which lists categories: copper matte and master alloys; unwrought copper; copper wires; and copper rods, with corresponding chargeable rates for computing duty.
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