Customs exemption for imported cinematograph films limits auxiliary duty to value components of print cost, freight and insurance. Exemption limits auxiliary customs duty on imported exposed cinematograph films by restricting the taxable value to the cost of the print and the freight and insurance charges incurred in respect of that print, thereby excluding other value components when computing the auxiliary duty payable.
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 imported cinematograph films limits auxiliary duty to value components of print cost, freight and insurance.
Exemption limits auxiliary customs duty on imported exposed cinematograph films by restricting the taxable value to the cost of the print and the freight and insurance charges incurred in respect of that print, thereby excluding other value components when computing the auxiliary duty payable.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.