This Notification has been Superseded vide Notification No. 94/2010-Cus Dated 15/9/2010
Notification No. 40/2002-Cus Dated 12-04-2002
Exemption on specified goods imported from Nepal.- In
exercise of the powers conferred by section 3A of the Customs Tariff Act, 1975
(51 of 1975), (hereinafter referred to as the said Act) read with 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. 37/96-Customs, dated the 23rd July 1996. [G.S.R. 289
(E) dated the 23rd July, 1996], 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 goods specified in
column (2) of the Table below and falling within the First Schedule to the said
Act, when imported into India from Nepal,-
(a) from the whole of the duty of customs leviable thereon under the said First
Schedule to the said Act, and
(b) from the whole of the special additional duty leviable thereon under section
3A of the said Act,
subject to the conditions, if any, specified in the Annexure to this
notification, the Condition No. of which is mentioned in the corresponding entry
in column (3) of the said Table.
[ OMITTED Provided that the exemption from special additional duty shall
not be applicable in case of imports of vanaspati, acrylic yarn and
winding/insulated wires of copper.]
(Above Proviso has been omitted vide Ntf. No. 87/2002, Dt. 27/08/2002)
Table
S.No. |
Description of goods |
Condition No. |
---|---|---|
(1) |
(2) |
(3) |
1. |
(i) Agricultural,
horticultural and forest produce and minerals which have not undergone
any processing; |
1 |
2. |
All manufactured goods
other than the following:- |
2 |
3. |
(i) Vegetable fats (Vanaspati); |
2 and 3 |
Annexure
Condition No. |
Condition |
---|---|
1. |
If the goods are wholly produced in Nepal. |
2. |
A (1) The goods are
manufactured in Nepal wholly from Nepalese materials or Indian materials
or Nepalese and Indian materials; or FORM OF CERTIFICATE OF
ORIGIN
Reference No. ______________________ 1, Article consigned from
(exporter's business name, address): (A) GIF value of
materials, part or produce originating from Non- Contracting Parties
(i.e. other than Nepal and India) at the point of entry in Nepal:-
___________________________________________
For His
majesty's Government of Nepal **For the purpose of the
above Item No.3, the articles which have undergone a manufacturing
process in Nepal as defined in the Protocol to Article V of the Treaty
will not be treated as product of third country origin. _____________________________________
i) does not exceed
seventy five per cent. of the ex-factory price of the articles
imported in the time period beginning from the 6the day of March,
2002, as ending on the 5th day of March, 2003; and
|
3. |
A. The exemption shall
apply only to a specified quantity of imports, not exceeding i) 100,000 MT in case
of Vegetable fats (Vanaspati); Illustration: The
first time period shall commence on the 6th day of March, 2002 and will
end on the 5th day of March, 2003 |
2. This notification shall come into force on the 17th day of April,
2002.
(Bold figure has been corrected vide Corrigendum 354/81/2002 Dt. 22/07/2002)
as amended by Notification Nos. 87/2002-Cus dt 27-8-2002 and 9/2003-Cus dt 15-1-2003.