Exempts from basic customs duty, gliders of Heading No. 88.01 - 71/93 - Customs -Tariff

Exempts from basic customs duty, gliders of Heading No. 88.01 Notification No. 71/93-Cus. Dated 28-2-1993 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 exempts gliders falling under heading No. 88.01 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), 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 25 per cent ad valorem; and (b) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act.