Customs duty exemption for specified nickel alloy imports reduces duty only above a stated ad valorem benchmark. The Central Government, under Section 25(1) of the Customs Act, 1962, exempts goods under heading No. 7505.22 of the Customs Tariff Act, 1975-excluding electric resistance wires of nickel chrome and other nickel alloys-from so much of the customs duty specified in the First Schedule as exceeds the amount calculated at the rate of 60 per cent ad valorem; the notification takes effect on 28 February 1986.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for specified nickel alloy imports reduces duty only above a stated ad valorem benchmark.
The Central Government, under Section 25(1) of the Customs Act, 1962, exempts goods under heading No. 7505.22 of the Customs Tariff Act, 1975-excluding electric resistance wires of nickel chrome and other nickel alloys-from so much of the customs duty specified in the First Schedule as exceeds the amount calculated at the rate of 60 per cent ad valorem; the notification takes effect on 28 February 1986.
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