Air conditioned cars and coaches - Amendment to Notification No. 73/94-Cus. - 113/95 - Customs -Tariff

Air conditioned cars and coaches - Amendment to Notification No. 73/94-Cus. Notification No. 113/95-Cus. Dated 7-6-1995 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 makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 73/94-Customs, dated the 1st March, 1994, namely :- In the said notification, in the opening paragraph, - (a) for the words, brackets and figures "air-conditioned cars and air-conditioned coaches (hereinafter referred to as the said goods), falling within the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India by specified importers (hereinafter referred to as the importer) for providing transport for tourists, from - (i) so much of the duty of customs leviable on the said goods, which is specified in the said First Schedule as is in excess of the amount calculated at the rate of 50% ad valorem; and (ii) the whole of the additional duty leviable on air-conditioned coaches under section 3 of the said Customs Tariff Act,", the words, brackets and figures "air-conditioned coaches (hereinafter referred to as the said goods), falling within the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India by specified importers (hereinafter referred to as the importers) for providing transport for tourists from the whole of the additional duty leviable under section 3 of the said Customs Tariff Act," shall be substituted; (b) for the brackets, figures, letters and words "(3) the C.I.F. value of airconditioned cars and airconditioned coaches does not exceed US $ 35,000 and US $ 1,00,000 per vehicle respectively.", the brackets, figures, letters and words "(3) the C.I.F. value of air-conditioned coaches does not exceed US $ 1,00,000 per vehicle." shall be substituted.