Sl. No |
Description of goods | Rate of Auxillary Duty of Customs |
(1) |
(2) | (3) |
1. |
Goods in respect of which the rate of duty of customs specified in the said First Schedule read with any relevant notification of the Government of India for the time being in force is 60 per cent. ad valorem or more but less than 100 per cent. ad valorem. |
Fifteen per cent. of the goods as determined in accordance with the provisions of Section 14 of the Customs Act, 1962 (52 0f 1962) |
2. |
Goods in respect of which the rate of duty of customs specified in the said First Schedule read with any relevant notification of the Government of India for the time being in force, force, is less than 60% ad valorem or nil. |
Five per cent. of the value of the goods as determined in accordance with the provisions of Sections 14 of the Customs Act, 1962(52 of 1962) |
3. |
xx |
xx |
4. |
xx |
xx |
|
Explanation : |
For the purposes of Serial Nos. 1 and 2 in the above Table, the expression "the rate of duty of customs specified in the said First Schedule read with any relevant notification of the Government of India", in relation to any article liable to two or more different rate of duty, means that the rate of duty which is highest of those rates". |