Customs duty exemption caps excess duty on specified imports by reference to prescribed ad valorem rates. The notification caps customs duty on specified tariff items by exempting imports from duty in excess of amounts calculated at the ad valorem rates set forth in a Table, applying one cap where the standard rate is leviable and a different cap where a preferential rate applies; the rates in the Table are ad valorem unless otherwise specified.
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 duty exemption caps excess duty on specified imports by reference to prescribed ad valorem rates.
The notification caps customs duty on specified tariff items by exempting imports from duty in excess of amounts calculated at the ad valorem rates set forth in a Table, applying one cap where the standard rate is leviable and a different cap where a preferential rate applies; the rates in the Table are ad valorem unless otherwise specified.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.