Customs exemption for raw and synthetic rubber reduces the applicable import duty to prescribed ad valorem rates under Section 25. The Central Government, invoking Section 25(1) of the Customs Act, 1962, exempts specified imported rubber goods from any portion of customs duty exceeding the amount calculated at the ad valorem rates set in the notification's table. The table lists raw natural rubber (heading 4001.10) and synthetic raw rubber (heading 4002) as the covered goods and prescribes the adjusted ad valorem duty rates applicable from the notification's 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 for raw and synthetic rubber reduces the applicable import duty to prescribed ad valorem rates under Section 25.
The Central Government, invoking Section 25(1) of the Customs Act, 1962, exempts specified imported rubber goods from any portion of customs duty exceeding the amount calculated at the ad valorem rates set in the notification's table. The table lists raw natural rubber (heading 4001.10) and synthetic raw rubber (heading 4002) as the covered goods and prescribes the adjusted ad valorem duty rates applicable from the notification's commencement date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
