Customs exemption for cinematographic film limits duties to valuation based on print cost plus freight and insurance. Notification exempts cinematographic film, exposed and developed (heading 3706) on import from specified customs duty, additional duty under section 3(1), and special additional duty under section 3A(1) to the extent those duties exceed the amount that would be leviable if the goods' value under section 14(1) were taken as the aggregate of the cost of the print and the freight and insurance charges incurred for that print.
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Customs exemption for cinematographic film limits duties to valuation based on print cost plus freight and insurance.
Notification exempts cinematographic film, exposed and developed (heading 3706) on import from specified customs duty, additional duty under section 3(1), and special additional duty under section 3A(1) to the extent those duties exceed the amount that would be leviable if the goods' value under section 14(1) were taken as the aggregate of the cost of the print and the freight and insurance charges incurred for that print.
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