Excise exemption adjustment for EOUs/EHTP/STP units alters customs duty computation and additional duty treatment on DTA clearances. Amendment alters excise exemption for EOUs/EHTP/STP units clearing goods to DTA by treating aggregate customs duties on like goods as if basic customs duty were reduced by fifty percent and no additional duty under sub-section (5) of section 3 of the Customs Tariff Act were leviable, while providing that additional duty must be included in the aggregate where goods cleared to DTA are exempt from sales tax or VAT; an illustration clarifies the computation of basic and additional duty under the new treatment.
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Excise exemption adjustment for EOUs/EHTP/STP units alters customs duty computation and additional duty treatment on DTA clearances.
Amendment alters excise exemption for EOUs/EHTP/STP units clearing goods to DTA by treating aggregate customs duties on like goods as if basic customs duty were reduced by fifty percent and no additional duty under sub-section (5) of section 3 of the Customs Tariff Act were leviable, while providing that additional duty must be included in the aggregate where goods cleared to DTA are exempt from sales tax or VAT; an illustration clarifies the computation of basic and additional duty under the new treatment.
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