Customs duty reduction for specified imports caps payable duty at listed reduced ad valorem rates under the notification. The Central Government caps customs duty on specified imported goods by exempting duty in excess of amounts calculated at the reduced ad valorem rates listed against each relevant First Schedule heading or sub heading; an annexed table specifies the goods and their corresponding reduced rates. The notification preserves any existing exemptions under other notifications and states its date of commencement, thereby fixing when the reduced duty caps take effect.
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 reduction for specified imports caps payable duty at listed reduced ad valorem rates under the notification.
The Central Government caps customs duty on specified imported goods by exempting duty in excess of amounts calculated at the reduced ad valorem rates listed against each relevant First Schedule heading or sub heading; an annexed table specifies the goods and their corresponding reduced rates. The notification preserves any existing exemptions under other notifications and states its date of commencement, thereby fixing when the reduced duty caps take effect.
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