Effective rates for raw materials required for manufacture of aircrafts falling under Heading 88.02 - 71/94 - Customs -Tariff

Effective rates for raw materials required for manufacture of aircrafts falling under Heading 88.02 Notification No. 71/94-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 all raw materials, falling within the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), required for manufacture of aircrafts falling under heading No. 88.02 or parts of such aircrafts falling within the said First Schedule when imported into India, from, - (a) 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 3 per cent ad valorem ; and (b) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, subject to the condition that an officer not below the rank of Deputy Secretary in the office of Director General of Civil Aviation, in the Ministry of Civil Aviation certifies in each case the description and quantity of such raw materials required for the manufacture of such aircrafts, or parts of such aircrafts.