Supersedes Notification No. 295/83-Cus. to prescribe effective basic duty on specified titanium sponge - 58/93 - Customs -Tariff

Supersedes Notification No. 295/83-Cus. to prescribe effective basic duty on specified titanium sponge Notification No. 58/93-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), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 295/83-Customs, dated the 1st November, 1983, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts titanium sponge falling within Chapter 81 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India for the manufacture of titanium and titanium alloy products, 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 of 35% ad valorem.