Customs exemption for aluminium ingots caps payable duty to an ad valorem amount, exempting any excess on importation. The Central Government exempts aluminium ingots under Chapter 76 of the Customs Tariff Schedule from that portion of customs duty exceeding the amount computed at a prescribed ad valorem rate, thereby capping payable duty to the ad valorem calculation and treating the excess as exempt on importation.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for aluminium ingots caps payable duty to an ad valorem amount, exempting any excess on importation.
The Central Government exempts aluminium ingots under Chapter 76 of the Customs Tariff Schedule from that portion of customs duty exceeding the amount computed at a prescribed ad valorem rate, thereby capping payable duty to the ad valorem calculation and treating the excess as exempt on importation.
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