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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 04 /2015 – Customs
New Delhi, the 16th February, 2015
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), the Central Government, being
satisfied that it is necessary in the public interest so to do, hereby exempts
Urea, falling under tariff item 3102 10 00 of the First Schedule to the Customs
Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff
Act) when imported into India under the Urea Off-take Agreement (hereinafter
referred to as UOTA) dated 29th May, 2002, as amended from time to time, between
the Government of India and Oman-India Fertilizer Company S.A.O.C., from so much
of the duty of customs leviable thereon which is specified in the First Schedule
to the Customs Tariff Act, and from the so much of the additional duty leviable
thereon under sub-section (1) of section 3 of the Customs Tariff Act, as is in
excess of the amount calculated on the declared value of Urea as agreed under
the UOTA, subject to the condition that the importer shall produce, prior to
clearance of the said goods, before the Assistant Commissioner of Customs or
Deputy Commissioner of Customs having jurisdiction, as the case may be, a
certificate from an officer not below the rank of Under Secretary to the
Government of India in the Department of Fertilizer to the effect that such
declared value is in terms of agreed price under UOTA..
[F.No.354/355/2014 –TRU]
(Akshay Joshi)
Under Secretary to the Government of India
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