Customs exemption for imported spinning waste caps payable duty at prescribed ad valorem ceiling on tariff heading. Exempts imported spinning waste (hard waste) falling under the designated tariff heading from that portion of customs duty which exceeds the amount calculated at the ad valorem rate specified in the First Schedule, thereby capping the duty payable on such imports under the statutory power exercised by the Central Government.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for imported spinning waste caps payable duty at prescribed ad valorem ceiling on tariff heading.
Exempts imported spinning waste (hard waste) falling under the designated tariff heading from that portion of customs duty which exceeds the amount calculated at the ad valorem rate specified in the First Schedule, thereby capping the duty payable on such imports under the statutory power exercised by the Central Government.
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