|
Exemption to all goods in the case of which free rates of duty of Customs
are specified of the First Schedule to the said Custom Tariff Act
Notification
No. 41 dated 23rd July 1996
In
exercise of the powers conferred by sub-section (1) of section 25 of the Customs
Act, 1962 (52 of 1962), read with sub-clause (4) of clause 66 of the Finance
(No.2) Bill, 1996, which clause has, by virtue of the declaration made in the
said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of
1931), the force of law, the Central Government, being satisfied that it is
necessary in the public interest so to do, hereby exempts the goods specified in
the Table below and falling within the First Schedule to the Customs Tariff Act,
1975 (51 of 1975), when imported into India, from the whole of the special duty
of customs leviable thereon under sub-clause (1) of clause 66 of the said
Finance Bill:
Provided
that in respect of the goods specified against, -
(i)
S.No.2 of the said Table, the exemption under this notification shall be
subject to the conditions, subject to which the goods may be imported at free
rates of duty of customs, specified in section 4 of the said Customs Tariff Act;
(ii)
S.Nos.3 and 4 of the said Table, the exemption under this notification
shall be subject to the conditions, if any, subject to which the goods are
exempts either partially or wholly from the duty of customs leviable thereon
which is specified in the First Schedule to the said Customs Tariff Act.
|
S.
No.
|
Description
of goods
|
|
1.
|
All
goods in the case of which Free rates of duty of customs are specified
in column (4) of the First Schedule to the said Customs Tariff Act.
|
|
2.
|
All
goods in the case of which Free rates of duty of customs are specified
in column (5) of the First Schedule to the said Customs Tariff Act.
|
|
3.
|
All
goods which are exempt from the whole of the duty of customs leviable
thereon which is specified in the First Schedule to the said Customs
Tariff Act in terms of any notification of the Government of India in
the Ministry of Finance (Department of Revenue and Banking, Department
of Revenue and Insurance or Department of Revenue, as the case may be),
for the time being in force, issued under sub-section (1) of section 25
of the Customs Act, 1962.
|
|
4.
|
Gold
and silver, -
(a)
including ornaments (but excluding ornaments studded with stones or
pearls), imported into India or taken delivery by an eligible passenger
in terms of the notifications of the Government of India in the Ministry
of Finance (Department of Revenue) Nos. 171/94-Customs and
172/94-Customs, both dated the 30th September, 1994;
(b)
imported in terms of the notification of the Government of India in the
Ministry of Finance (Department of Revenue) No. 117/94-Customs, dated
the 27th April, 1994
|
|