Customs exemption limits duty on imported raw and synthetic rubber to a stated ad valorem ceiling affecting import duty liability. Exempts imported raw and synthetic rubber products, including rubber latex, balata, guttepercha and similar natural gums, when classified under the rubber tariff headings, from customs duty to the extent that the duty exceeds the amount calculated at the 40% ad valorem rate; the exemption modifies duty incidence on those imports and includes an operative commencement date.
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 raw and synthetic rubber to a stated ad valorem ceiling affecting import duty liability.
Exempts imported raw and synthetic rubber products, including rubber latex, balata, guttepercha and similar natural gums, when classified under the rubber tariff headings, from customs duty to the extent that the duty exceeds the amount calculated at the 40% ad valorem rate; the exemption modifies duty incidence on those imports and includes an operative commencement date.
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