Customs duty exemption limits duty on imported molasses to a capped ad valorem rate under government notification. Exempts imported molasses, other than flavoured or coloured molasses falling under Heading No. 17.03, from that portion of customs duty in excess of the amount calculated at the rate of 60% ad valorem, exercised under sub section (1) of Section 25 of the Customs Act, 1962, as a public interest exemption effective from the stated 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 duty exemption limits duty on imported molasses to a capped ad valorem rate under government notification.
Exempts imported molasses, other than flavoured or coloured molasses falling under Heading No. 17.03, from that portion of customs duty in excess of the amount calculated at the rate of 60% ad valorem, exercised under sub section (1) of Section 25 of the Customs Act, 1962, as a public interest exemption effective from the stated 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 
