Customs duty exemption limits applied to specified machinery and computers, reducing payable duty to listed ad valorem rates on import. The Central Government, under section 25(1) of the Customs Act, 1962, exempts specified machinery and mechanical appliances from customs duty to the extent that duty exceeds amounts calculated at the ad valorem rates set in the notification; a table limits payable duty on identified tariff headings-fuel pumps for aircraft engines, gas compressors for air conditioning, self contained air conditioners, non domestic refrigerating equipment, and computers-by prescribing the corresponding ad valorem rates.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption limits applied to specified machinery and computers, reducing payable duty to listed ad valorem rates on import.
The Central Government, under section 25(1) of the Customs Act, 1962, exempts specified machinery and mechanical appliances from customs duty to the extent that duty exceeds amounts calculated at the ad valorem rates set in the notification; a table limits payable duty on identified tariff headings-fuel pumps for aircraft engines, gas compressors for air conditioning, self contained air conditioners, non domestic refrigerating equipment, and computers-by prescribing the corresponding ad valorem rates.
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