Customs duty cap: peak duty reduced by exempting amounts above specified tariff rates, effective January 2004. Exempts imported goods (other than agricultural commodities) from customs duty in excess of the rates specified in the Table, by providing that where the standard rate is leviable the excess above the rate in column (3) is exempted and where the preferential rate is leviable the excess above the rate in column (4) is exempted; the rates in those columns are ad valorem unless otherwise specified. The notification, issued under section 25(1) of the Customs Act, 1962 and superseding an earlier notification, takes effect on 9 January 2004.
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Provisions expressly mentioned in the judgment/order text.
Customs duty cap: peak duty reduced by exempting amounts above specified tariff rates, effective January 2004.
Exempts imported goods (other than agricultural commodities) from customs duty in excess of the rates specified in the Table, by providing that where the standard rate is leviable the excess above the rate in column (3) is exempted and where the preferential rate is leviable the excess above the rate in column (4) is exempted; the rates in those columns are ad valorem unless otherwise specified. The notification, issued under section 25(1) of the Customs Act, 1962 and superseding an earlier notification, takes effect on 9 January 2004.
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