Customs duty exemption for leather industry inputs limits payable ad valorem duty above a statutory threshold, easing import relief. The Government exempts any portion of ad valorem customs duty in excess of forty-five per cent on certain leather industry inputs. Operative goods listed are synthetic fat liquors (including non ionic fat liquors and mixtures, with or without hydrocarbons) and syntans; the exemption is issued under section 25(1) of the Customs Act, 1962 to provide import duty relief for these specified items used in leather manufacture.
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 leather industry inputs limits payable ad valorem duty above a statutory threshold, easing import relief.
The Government exempts any portion of ad valorem customs duty in excess of forty-five per cent on certain leather industry inputs. Operative goods listed are synthetic fat liquors (including non ionic fat liquors and mixtures, with or without hydrocarbons) and syntans; the exemption is issued under section 25(1) of the Customs Act, 1962 to provide import duty relief for these specified items used in leather manufacture.
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