Exempts copper concentrates falling under the tariff item 2603 00 00 equivalent to the duty of customs leviable on the value of gold and silver contained in such copper concentrate - 24/2011-Customs - Customs -Tariff
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Customs exemption for gold and silver content in copper concentrates reduces duty base, subject to assay certificate. Exempts copper concentrates under tariff item 2603 00 00 from customs duty to the extent of the value of gold and silver contained, provided the importer furnishes an assay certificate from the mining company specifying those values; the deduction applies for computing basic customs duty while the full invoice value is retained for levy of additional customs duties.
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 gold and silver content in copper concentrates reduces duty base, subject to assay certificate.
Exempts copper concentrates under tariff item 2603 00 00 from customs duty to the extent of the value of gold and silver contained, provided the importer furnishes an assay certificate from the mining company specifying those values; the deduction applies for computing basic customs duty while the full invoice value is retained for levy of additional customs duties.
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