Goods Exempted from Customs Duty May be Subject to Levy of Additional Duty: Madras HC [Read Order]
The Customs Tariff Act of 1975 stipulates that products imported into or exported from India must pay customs charges at the rates prescribed by the Customs Act. Consequently, the Customs Tariff Act establishes the rate at which customs charges will be assessed.
The Madras High Court in its recent ruling concluded that imported products that are exempt from basic customs tax may be subject to additional duty levied in accordance with applicable laws. The division bench comprising of Chief Justice K.R. Shriram and Justice Mohammed Shaffiq observed that even though imported goods are exempt from basic customs…
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