Customs exemption for cotton waste exports caps payable duty to a set ad valorem rate, exempting excess. The Central Government exempts cotton waste, all sorts, when exported from India from customs duty to the extent that duty exceeds an amount calculated at the rate of 3% ad valorem, thereby capping the payable customs duty on such exports at that ad valorem rate.
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 exemption for cotton waste exports caps payable duty to a set ad valorem rate, exempting excess.
The Central Government exempts cotton waste, all sorts, when exported from India from customs duty to the extent that duty exceeds an amount calculated at the rate of 3% ad valorem, thereby capping the payable customs duty on such exports at that ad valorem rate.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.