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Section 25 - Power to grant exemption from duty - Customs Act, 1962
Extract
..... cessary in the public interest so to do, it may, by special order in each case, exempt from the payment of duty, under circumstances of an exceptional nature to be stated in such order, any goods on which duty is leviable. (2A) The Central Government may, if it considers it necessary or expedient so to do for the purpose of clarifying the scope or applicability of any notification issued under sub-section (1) or order issued under sub-section (2), insert an explanation in such notification or or .....
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Section 25 - Power to grant exemption from duty - Customs Act, 1962
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..... relation to a rate of duty of customs, means the basis, namely, valuation, weight, number, length, area, volume or other measure with reference to which the duty is leviable. 2[(4) Every notification issued under sub-section (1) or sub-section (2A) shall, unless otherwise provided, come into force on the date of its issue by the Central Government for publication in the Official Gazette.] (5) 3[***] (6) Notwithstanding anything contained in this Act, no duty shall be collected if the amount of d .....
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Section 25 - Power to grant exemption from duty - Customs Act, 1962
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..... all be made.] - Notes:- 1. Inserted vide THE FINANCE (No. 2) ACT, 2014 2. Substituted vide THE FINANCE ACT, 2016 w.e.f. May 14, 2016, before it was read as, "(4) Every notification issued under sub-section (1) or sub-section (2A) shall, - (a) unless otherwise provided, come into force on the date of its issue by the Central Government for publication in the Official Gazette; (b) also be published and offered for sale on the date of its issue by the Directorate of Publicity and Public Relati .....
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Section 25 - Power to grant exemption from duty - Customs Act, 1962
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