Exemption from additional duty on imported tea removes levy equivalent to proposed excise under provisional Finance Bill. An exemption relieves imported tea and tea waste from that part of additional customs duty equivalent to an additional excise levy proposed in the Finance Bill and given provisional force of law, thereby reducing the effective additional duty chargeable on those imports; the exemption is effected by executive notification in the public interest and is confined to the specified equivalence component.
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Provisions expressly mentioned in the judgment/order text.
Exemption from additional duty on imported tea removes levy equivalent to proposed excise under provisional Finance Bill.
An exemption relieves imported tea and tea waste from that part of additional customs duty equivalent to an additional excise levy proposed in the Finance Bill and given provisional force of law, thereby reducing the effective additional duty chargeable on those imports; the exemption is effected by executive notification in the public interest and is confined to the specified equivalence component.
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