Notification No. 48/2006-Cus Dated. 26/5/2006

 

Exemption to the goods falling under chapter 51 of the First Schedule.: In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on 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 and falling within the sub-heading 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, 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 rate specified in the corresponding �entry in column (4) of the �said Table:

 

Table

S.No.

Sub-heading

Description of goods

Rate

(1)

(2)

(3)

(4)

1.

5111 11

All goods

1[10%] Old[12.5%] or Rs.115 per sq. metre, whichever is higher

2.

5111 19

All goods

1[10%] Old[12.5%] or Rs.125 per sq. metre, whichever is higher

3.

5111 20

All goods

1[10%] Old[12.5%] or Rs.65 per sq. metre, whichever is higher

4.

5111 30

All goods

1[10%] Old[12.5%] or Rs.65 per sq. metre, whichever is higher

5.

5111 90

All goods

1[10%] Old[12.5%] or Rs.75 per sq. metre, whichever is higher

6.

5112 11

All goods

1[10%] Old[12.5%] or Rs.105  per sq. metre, whichever is higher

7.

5112 19

All goods

1[10%] Old[12.5%] or Rs.130 per sq. metre, whichever is higher

8.

5112 20

All goods

1[10%] Old[12.5%] or Rs.70 per sq. metre, whichever is higher

9.

5112 30

All goods

1[10%] Old[12.5%] or Rs.90 per sq. metre, whichever is higher

10.

5112 90

All goods

1[10%] Old[12.5%] or Rs.115 per sq. metre, whichever is higher


�
�
Explanation : - For the purposes of this notification, the rate specified in column (4) of the Table above is ad valorem rate unless otherwise specified therein.�

�
Sd/-
( AJAY )
Under Secretary to the Govt. of India

1. Substituted vide Notification No. 35/2007-Cus Dated 1/3/2007

 

 

as amended by [Notification No. 35/2007-Cus dt 13/3/2007.]