Effective rates for specified projects falling under Heading No. 98.01 - 90/94 - Customs -Tariff

Effective rates for specified projects falling under Heading No. 98.01 Notification No. 90/94-Cus. Dated 1-3-1994 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 goods required for the plants or projects specified in column (2) of the Table hereto annexed and falling under heading No. 98.01 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from so much of that portion of duty leviable thereon which is specified in the said First Schedule, as is in excess of the amount calculated at the rate specified in the corresponding entry in column (3) of the said Table. Nothing contained in this notification shall affect the exemption granted under any other notification of the Government of India for the time being in force from the duty of customs specified in the First Schedule in respect of the goods referred in this notification. TABLE S. No. Description of plant or project Rate of duty (1) (2) (3) 1. Fertiliser projects Nil 2. Power projects (including gas turbine power projects) 20% ad valorem . 3. Other industrial plants or projects 25% ad valorem . Explanation. - For the purposes of this notification, the term 'Power projects (including gas turbine power projects)' shall not include Captive Power Plants set up by projects engaged in activities other than in power generation.