Customs exemption caps duty liability on refined Stockholm tar imports, limiting payable customs duty to the specified ad valorem rate. Exempts refined Stockholm tar imported into India from customs duty to the extent that the duty exceeds an amount calculated at an ad valorem cap of sixty percent, under the Central Government's power conferred by sub section (1) of Section 25 of the Customs Act, 1962, and confined to the tariff subheading for refined Stockholm tar in the First Schedule to the Customs Tariff Act, 1975; the exemption takes effect on the stated commencement date.
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Customs exemption caps duty liability on refined Stockholm tar imports, limiting payable customs duty to the specified ad valorem rate.
Exempts refined Stockholm tar imported into India from customs duty to the extent that the duty exceeds an amount calculated at an ad valorem cap of sixty percent, under the Central Government's power conferred by sub section (1) of Section 25 of the Customs Act, 1962, and confined to the tariff subheading for refined Stockholm tar in the First Schedule to the Customs Tariff Act, 1975; the exemption takes effect on the stated commencement date.
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