Customs duty exemption caps import duty on listed chemical and mineral goods by specifying maximum ad valorem rates. The notification exempts specified imported goods from customs duty to the extent that duty in the First Schedule exceeds the amount calculated at the ad valorem rates set in the Table, thereby capping effective duty for enumerated chemical, mineral and allied products; a proviso preserves exemptions granted by other notifications.
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 caps import duty on listed chemical and mineral goods by specifying maximum ad valorem rates.
The notification exempts specified imported goods from customs duty to the extent that duty in the First Schedule exceeds the amount calculated at the ad valorem rates set in the Table, thereby capping effective duty for enumerated chemical, mineral and allied products; a proviso preserves exemptions granted by other notifications.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.