Notification No. 26/2000-Cus Dated 01-03-2000

Exemption on specified goods imported under Free Trade Agreement with Sri Lanka.-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 goods of the description specified in column (3) of the Table hereto annexed and falling under the Chapter, heading No. or sub-heading No. of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), specified in the corresponding entry in column(2) of the said Table, from so much of that portion of the applied rate of duty of customs as is specified in the corresponding entry in column (4) of the said Table, subject to the following conditions, namely:-

(1) the importer proves to the satisfaction of the Deputy Commissioner of Customs or the Assistant Commissioner of Customs,as the case may be, in accordance with the Customs Tariff( Determination of Origin under the Free Trade Agreement between the Democratic Socialist Republic of Sri Lanka and the Republic of India) Rules, 2000 published with the notification of the Government of India in the Ministry of Finance(Department of Revenue) No.19/2000-Customs(N.T), dated the 1st March, 2000 that the goods in respect of which the benefit of this exemption is claimed are of the origin of Sri Lanka;

(2) in respect of articles of apparel and clothing accessories specified in List 3 of the Table,-

(i) the exemption shall apply to a quantity of imports , hereinafter referred to as the Tariff Rate Quota, not exceeding 8 million pieces computed from the 1st day of January, in a calendar year, out of which a minimum of 6 million pieces shall be manufactured from fabrics of Indian origin exported from India to Sri Lanka:

Provided that where the number of pieces manufactured from fabrics, which are not of Indian origin, exceeds 2 million pieces but does not exceed 4 million pieces, a minimum of 4 million pieces shall be manufactured from fabrics of Indian origin exported from India to Sri Lanka.

Provided further that for the period from the 1st day of March 2000 to the 31st day of December 2000, the Tariff Rate Quota shall not exceed 6.67 million pieces out of which a minimum of 5 million pieces shall be manufactured from fabrics of Indian origin exported from India to Sri Lanka.

Provided also that the quantity of imports shall not exceed 2 million pieces in respect of each category of goods as may be specified by the Government within the said Tariff Rate Quota.



               

 (ii) the imports shall be made only through the ports of Mumbai , Nhava Sheva, Chennai and Kolkata.;



 

(3).Omitted

(4) the importer follows the procedure as may be specified by the Government of India from time to time.