Special duty of customs - Exemption - 41/96 - Customs -Tariff

Special duty of customs - Exemption Notification No. 41/96-Cus. Dated 23-7-1996 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sub-clause 4 of clause 66 of the Finance (No. 2) Bill, 1996, which clause has, by virtue of the declaration made in the said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of 1931), the force of law, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods specified in the Table below and falling within the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from the whole of the special duty of customs leviable thereon under sub-clause (1) of clause 66 of the said Finance Bill: Provided that in respect of the goods specified against,- (I) S.No. 2 of the said Table, the exemption under this notification shall be subject to the conditions, subject to which the goods may be imported at Free rates of duty of customs, specified in section 4 of the said Customs Tariff Act; (II) S.Nos. 3 and 4 of the said Table, the exemption under this notification shall be subject to the conditions, if any, subject to which the goods are exempt either partially or wholly from the duty of customs leviable thereon which is specified in the First Schedule to the said Customs Tariff Act. TABLE S.No. Description of goods (1) (2) 1. All goods in the case of which Free rates of duty of customs are specified in column (4) of the First Schedule to the said Customs Tariff Act. 2. All goods in the case of which Free rates of duty of customs are specified in column (5) of the First Schedule to the said Customs Tariff Act. 3. All goods which are exempt from the whole of the duty of customs leviable thereon which is specified in the First Schedule to the said Customs Tariff Act in terms of any notification of the Government of India in the Ministry of Finance (Department of Revenue and Banking, Department of Revenue and Insurance or Department of Revenue, as the case may be), for the time being in force, issued under sub-section (1) of section 25 of the Customs Act, 1962. 4. Gold and silver,- (a) including ornaments (but excluding ornaments studded with stones or pearls), imported into India or taken delivery by an eligible passenger in terms of the notifications of the Government of India in the Ministry of Finance (Department of Revenue) Nos. 171/94-Customs and 172/94-Customs, both dated the 30th September,1994; (b) imported in terms of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 117/94-Customs, dated the 27th April, 1994.