Effective rates for specified goods falling within Chapter 85 - 79/94 - Customs -Tariff

Effective rates for specified goods falling within Chapter 85 Notification No. 79/94-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 the goods specified in column (2) of the Table hereto annexed and falling within the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from so much of that portion 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 specified in the corresponding entry in column (3) of the said Table : Provided that in case of goods covered by S. Nos. 4 and 5 of the said Table (hereinafter referred to as the said goods), the exemption contained herein shall be available, if the importer, - (i) produces, at the time of import of the said goods, in each case, a certificate from an officer not below the rank of a Director in the Department of Telecommunication of the Government of India to the effect that - (a) the said goods are parts or sub-assemblies and modules, as the case may be; (b) the said goods are required for the manufacture of Telecomm-unication equipments falling under heading No. 8520.20, 8525.10 or 8525.20, as the case may be, of the said First Schedule; (c) the grant of exemption under this notification is recommended; and (ii) furnishes an undertaking to the Assistant Collector of Cus-toms, at the time of importation of the said goods, to the effect that - (a) the said goods shall be used for the purpose specified above; (b) he shall pay on demand, in the event of his failure to use the said goods for the purpose specified above, an amount equal to the difference between the duty leviable on the said goods, but for the exemption contained herein and that already paid at the time of importation. TABLE S. No. Description of goods Rate (1) (2) (3) 1. All goods falling under heading No. 85.17 (other than sub-heading No. 8517.90) 50% ad valorem 2. Goods falling under sub-heading No. 8517.90 -(i) Parts, other than parts containing thermionic valves or transistors or other semi-conductor devices or light emitting diodes or electronic micro-circuits or capacitors 40% ad valorem (ii) other Parts 50% ad valorem 3. All goods falling under sub-heading Nos. 8520.20, 8525.10 or 8525.20 50% ad valorem 4. Parts, other than parts containing thermionic valves or transistors or other semi-conductor devices or light emitting diodes or electronic micro-circuits or capacitors, required for the manufacture of goods covered by S. No. 3 above 40% ad valorem 5. Sub-assemblies and modules required for the manufacture of goods covered by S. No. 3 above. 50% ad valorem