Customs duty exemption limits payable duty on specified imported machinery by capping it at prescribed ad valorem rates under statutory power. The government exempts specified imported goods from that part of the customs duty in the First Schedule which exceeds the ad valorem rates listed in the Table, by capping payable duty for named tariff headings (power cranes; drilling equipment; paper making machinery; component parts of metalworking machine tools; turbo alternators and parts), thereby limiting duty liability to the stated percentage for each classified item.
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 limits payable duty on specified imported machinery by capping it at prescribed ad valorem rates under statutory power.
The government exempts specified imported goods from that part of the customs duty in the First Schedule which exceeds the ad valorem rates listed in the Table, by capping payable duty for named tariff headings (power cranes; drilling equipment; paper making machinery; component parts of metalworking machine tools; turbo alternators and parts), thereby limiting duty liability to the stated percentage for each classified item.
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