Effective rates of customs duty, on various goods to give effect to the proposals of the Finance Bill (No. 2), 1998 reducing tariff rates of customs duty - 24/98 - Customs -Tariff

Effective rates of customs duty, on various goods to give effect to the proposals of the Finance Bill (No. 2), 1998 reducing tariff rates of customs duty Notification No. 24/98-Cus. Dated 2-6-1998 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 all goods 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 column (2) of the Table hereto annexed, when imported into India, from so much of the duty of customs leviable thereon under the said First Schedule as is in excess of, - (a) the amount calculated at the rate specified in the corresponding entry in column (3) of the said Table, where the standard rate of duty is leviable; and (b) the amount calculated at the rate specified in column (4) of the said Table, where the preferential rate of duty is leviable. TABLE S.No. Chapter or heading No. or sub-heading No. Standard Rate Preferential Rate (1) (2) (3) (4) 1. 0806.20 120% ad valorem 110% ad valorem 2. 1302.19 and 1302.20 10% ad valorem - 3. 2106.90 185% ad valorem - 4. 2207.10, 22.08 245% ad valorem - 5. 2709.00 20% ad valorem - 6. 2933.71 25% ad valorem 15% ad valorem 7. 3302.10 185% ad valorem - 8. 3818.00 20% ad valorem - 9. 44.04, 44.05, 44.06 or 44.07 25% ad valorem - 10. 51.05 30% ad valorem - 11. 69.03 30% ad valorem - 12. 8471.70 10% ad valorem - 13. 8483.20 10% ad valorem + Rs. 150 per Kg. - 14. 8501.10, 8508.10, 8508.20, 8508.80 or 8508.90 20% ad valorem - 15. 8532.90 30% ad valorem - 16. 8533.90, 8541.90 10% ad valorem - 17. 91.08 or 91.10 20% ad valorem -