Notification No. 57/98-Cus Dated 01-08-98

Exemption on Motor sprit (Petrol). -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 motor spirit commonly known as petrol, falling under heading No. 27.10 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1976), when imported into India, from so much of the additional duty leviable thereon under sub-section (1) of section 3 of the said Customs Tariff Act, as is equivalent to the additional duty of excise leviable on motor spirit commonly known as petrol under section 111 read with Second Schedule of the Finance (No. 2) Act, 1998 (21 of 1998).