Effective rates for specified goods falling within Chapter 47 imported for specified purpose - 40/94 - Customs -Tariff

Effective rates for specified goods falling within Chapter 47 imported for specified purpose Notification No. 40/94-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 specified in column (2) of the Table hereto annexed, and falling within Chapter 47 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India for the purpose specified in the corresponding entry in column (4) of the said Table, 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 specified in column (3) of the said Table and from the whole of the additional duty of customs leviable thereon under section 3 of the said Customs Tariff Act: Provided that the importer furnishes an undertaking to the effect that - (a) the said goods shall be used for the purpose specified in column (4) of the Table; (b) an account of the said goods received and consumed in the place of manufacture for the aforesaid purpose shall be maintained in the manner specified by the Assistant Collector of Customs; (c) he shall produce the extract of such account duly certified by the manufacturer evidencing receipt of the said imported goods in the premises of the place of manufacture within a period of three months or such extended period as the Assistant Collector of Customs may allow; (d) in case of the goods specified against S. No. 1 of the said Table, he shall produce the extract of the account duly certified by the manufacturer referred to in (c) above indicating therein the details of production of newsprint and its clearance to newspaper establishment; and (e) he shall pay, on demand, in the event of his failure to comply with the conditions (a), (b), (c) or (d) above, an amount equal to the difference between the duty leviable on such quantity of the said imported goods but for the exemption contained herein and that already paid at the time of importation. TABLE S. No. Description of goods Rate Purpose (1) (2) (3) (4) 1. Wood pulp derived by mechanical or chemical means from any fibrous vegetable material, except rayon grade wood pulp Nil For use in the manufacture of newsprint 2. Waste paper or waste paperboard specified below: (a) White/Coloured shavings and cuttings (b) Computer print out and other types of continuous stationery (c) Kraft and Corrugated cuttings/ waste/boxes/bags of all varieties including sack kraft waste 10 per cent ad valorem For the manu facture of pulp to be used in paper or paperboard making (d) White and coloured ledger/letter waste (e) Old and over issue newspaper/ magazines/catalogues (f) Board cuttings and waste (g) Tabulating cards and its waste of all varieties (h) Office waste (i) Telephone and trade directories (j) Manila waste including milk cartons (k) White and Coloured cuttings. Explanation. - For the purpose of this notification, - (i) "newsprint" means paper intended for printing of newspapers, books and periodicals; (ii) "newspaper establishment" means establishments registered with the Registrar of Newspapers for India, appointed under section 19A of the Press and Registration of Books Act, 1867 (25 of 1867).