Customs exemption limits duty on imported iron and steel castings and forgings to a capped ad valorem rate. The Central Government exempts castings and forgings of iron and steel (other than stainless steel) under specified First Schedule tariff headings from that portion of customs duty in excess of the amount calculated at the rate of 70% ad valorem when imported into India; the exemption is effected by Notification No. 91/86-Cus dated 17-2-1986 and comes into force on 28th February 1986.
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 limits duty on imported iron and steel castings and forgings to a capped ad valorem rate.
The Central Government exempts castings and forgings of iron and steel (other than stainless steel) under specified First Schedule tariff headings from that portion of customs duty in excess of the amount calculated at the rate of 70% ad valorem when imported into India; the exemption is effected by Notification No. 91/86-Cus dated 17-2-1986 and comes into force on 28th February 1986.
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