Edible oils or materials from which such oil can be extracted - Exempted if received as gift or under approved agreement - 85/95 - Customs -Tariff

Edible oils or materials from which such oil can be extracted - Exempted if received as gift or under approved agreement Notification No. 85/95-Cus. Dated 3-4-1995 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 exempts edible oils or any material from which edible oil can be extracted, falling within Chapter 15 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), from - (a) the whole of the duty of customs leviable thereon under the First Schedule to the said Customs Tariff Act; and (b) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, subject to the conditions that - (i) such oil or such material, as the case may be, is donated as a gift free of cost; and (ii) such oil or such material, as the case may be, is supplied under an agreement which has been duly approved by the Government of India. 2. This notification shall be in force upto and inclusive of the 31st day of March, 1996.