| Date: |
26-05-1997
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| Notification No: |
CUSTOMS Notification No 50/1997
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| Issuing Authority: |
Indian Customs
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| Type: |
Tariff
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| File No: |
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| Subject: |
Additional duty on petroleum crude under heading No. 27.09
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|
Additional duty on petroleum crude under heading No. 27.09
Notification
No. 50 dated 26th May 1997
In
exercise of the powers conferred by sub-section (1) of section 25 of the Customs
Act, 1962 (52 of 1962), the Central Government being satisfied that It is
necessary in the public interest so to do, hereby exempts petroleum crude,
falling under heading No. 27.09 of the First Schedule to the Customs Tariff Act,
1975 (51 of 1975), when imported into India, from so much of the additional duty
leviable thereon under sub-section (1) of section 3 of the said Customs Tariff
Act, as is equivalent to the duty of excise leviable on petroleum crude under
sub-section (1) of section 15 of the Oil Industry (Development) Act, 1974 (47 of
1974).
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