GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi, the 17th March, 2012
Notification No. 20/2012-Customs
G.S.R. (E).-In exercise of the powers conferred by sub-section (1) of section
25 of the Customs Act, 1962 (52 of 1962), read with sub-section (1) of section 3
of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being
satisfied that it is necessary in the public interest so to do, hereby exempts
dredgers falling under heading 8905 10 00 of the First Schedule to the said
Customs Tariff Act, when imported into India, -
(a) from the whole of the duty of customs leviable thereon under the said First
Schedule; and
(b) from that portion of the additional duty of customs leviable thereon under
sub-section (1) of section 3 of the said Customs Tariff Act, as is in excess of
one hundred twentieth part of the applicable duty for each month or part thereof
for which the dredger has been granted a licence by the Director General of
Shipping for stay in India.
Explanation.- For the purposes of this notification, “applicable duty” shall
mean the additional duty leviable under sub-section (1) of section 3 of the said
Customs Tariff Act read with relevant notification for the time being in force
issued under sub-section (1) of section 25 of the said Customs Act.
(Raj Kumar Digvijay)
Under Secretary to the Government of India
[F.No.334/1/2012-TRU]