Customs exemption limits duty on pharmaceutical plant and parts imports to a specified ad valorem rate. Exemption from customs duty is granted for plant materials and parts used primarily in pharmacy or as insecticidal, fungicidal or similar agents, limiting the duty payable by exempting the portion in excess of the amount calculated at the rate of 60% ad valorem for goods falling under the specified tariff heading, pursuant to Section 25(1) of the Customs Act, 1962, and taking effect on the date stated in the notification.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption limits duty on pharmaceutical plant and parts imports to a specified ad valorem rate.
Exemption from customs duty is granted for plant materials and parts used primarily in pharmacy or as insecticidal, fungicidal or similar agents, limiting the duty payable by exempting the portion in excess of the amount calculated at the rate of 60% ad valorem for goods falling under the specified tariff heading, pursuant to Section 25(1) of the Customs Act, 1962, and taking effect on the date stated in the notification.
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