MANU/CUST/0068/2012
Ministry : Ministry of Finance
Department/Board : Central Board of Excise and Customs
Notification No. : 12/2012
Date : 17.03.2012
Notification/ Circulars Referred: No. 21/2002-Customs, dated the 1st March, 2002
MANU/CUST/0041/2002
Referred IN
Subject: Excise
Subject: Customs
Citing Reference:
No. 21/2002-Customs, dated the 1st March, 2002 MANU/CUST/0041/2002 Superceded
Supercedes Notification No. 21/2002-Customs, dated
1st March, 2002
In exercise of the powers conferred by sub-section (1) of
section 25 of the Customs Act, 1962 (52 of 1962) and in supersession of the
notification of the Government of India in the Ministry of Finance ( Department
of Revenue), No. 21/2002-Customs, dated the 1st March, 2002 Published in the
Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide
number G.S.R. 118(E) dated the 1st March, 2002, except as respects things done
or omitted to be done before such supersession, the Central Government, being
satisfied that it is necessary in the public interest so to do, hereby exempts
the goods of the description specified in column (3) of the Table below or
column (3) of the said Table read with the relevant List appended hereto, as the
case may be, and falling within the Chapter, heading, sub-heading or tariff item
of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as are
specified in the corresponding entry in column (2) of the said Table, when
imported into India,-
(a) from so much of the duty of customs leviable thereon under the said First
Schedule as is in excess of the amount calculated at the standard rate specified
in the corresponding entry in column (4) of the said Table;
(b) from so much of the additional duty leviable thereon under sub-section
(1) of section 3 of the said Customs Tariff Act 1975 (51 of 1975) as is in
excess of the additional duty rate specified in the corresponding entry in
column (5) of the said Table, subject to any of the conditions, specified in the
Annexure to this notification, the condition number of which is mentioned in the
corresponding entry in column (6) of the said Table:
Table