Exemption on imports of copper concentrates-Changes in System

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....in System -reg. Attention of all Customs Brokers, Importers, all ICEGATE community partners, other stake holders and members of the Trade is invited to the notification No. 24/2011-Customs dated 01.03.2011 issued vide F.No. 334/3/2011-TRU. 2. The said Notification reads as, "In exercise of the powers conferred by sub-section (I) of section 25 of the Customs Act, 1962 (52 of 1962), the Cen....

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....concentrate is 40, basic customs duty shall be computed on the value of 60 only. However, the total value of 100 shall be taken into account, for the purposes of levy of additional duties of Customs leviable under section 3 of the Customs Tariff Act, 1975," 3. Accordingly, changes have been made in the ICES and the duty calculation procedure to factor in the above provision while filing the....