Motor Vehicles, components and parts - Amendment to Notification No. 72/93-Cus. - 150/93 - Customs -Tariff

Motor Vehicles, components and parts - Amendment to Notification No. 72/93-Cus. Notification No. 150/93-Cus. Dated 21-7-1993 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 makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 72/93-Customs, dated the 28th February, 1993, namely:- In the said notification, for the portion beginning with the words, brackets and figures "for the manufacture of motor vehicles" and ending with the words "fifty per cent ad valorem,", the following shall be substituted, namely:- "(a) for the manufacture of motor vehicles falling within chapter 87 (other than light commercial vehicles of pay-load not exceeding 4000 kilograms) of the said First Schedule, from so much of the duty of Customs which is leviable thereon under the said First Schedule as is in excess of the amount calculated at the rate of fifty per cent ad valorem, and (b) for the manufacture of light commercial vehicles of pay-load not exceeding 4000 kilograms, from so much of the duty of Customs which is leviable thereon under the said First Schedule as is in excess of the amount calculated at the rate of twenty-five per cent ad valorem,".