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Effective rate for goods falling under Heading No. 98.03 imported through a registered courier service - 86/94 - Customs -TariffExtract Effective rate for goods falling under Heading No. 98.03 imported through a registered courier service Notification No. 86/94-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 falling under heading No. 98.03 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India through a registered courier service, from so much of the duty of customs leviable thereon which is specified in the said First Schedule, as is in excess of the amount calculated at the rate of 100% ad valorem: Provided that the value of the said goods in a consignment imported on behalf of a consignee does not exceed Rs. 10,000 at a time : Provided further that the exemption contained in this notification shall not apply to - (1) Fire arms and ammunitions; (2) Alcoholic beverages; (3) Tobacco products; (4) Ball or Roller Bearings, all sorts. Explanation. - For the purpose of this notification, a "registered courier service" means a courier service which has been registered with the Collector of Customs at the port of importation.
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