Effective rate for specified goods falling under Chapter 28, 29, 30 or 39
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Customs duty cap limits ad valorem duty on specified chemical imports, exempting the portion that exceeds the capped rate.
The Central Government, invoking its power under the Customs Act, exempts imports of specified goods listed in the annexed Table from so much of customs duty as exceeds the amount calculated at a capped ad valorem rate under the First Schedule to the Customs Tariff, thereby limiting payable duty on those items to the capped ad valorem amount when imported into India.