Partial duty exemption for imported cinematograph films limits auxiliary duty to value based on print cost plus freight and insurance. The notification exempts imported cinematograph films from that portion of auxiliary customs duty exceeding an amount equal to 40 per cent of the value limited to the cost of the film print and the freight and insurance charges for the print, thereby restricting the duty base to those specified components.
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Provisions expressly mentioned in the judgment/order text.
Partial duty exemption for imported cinematograph films limits auxiliary duty to value based on print cost plus freight and insurance.
The notification exempts imported cinematograph films from that portion of auxiliary customs duty exceeding an amount equal to 40 per cent of the value limited to the cost of the film print and the freight and insurance charges for the print, thereby restricting the duty base to those specified components.
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