Effective duty on specified nickel - 52/93 - Customs -Tariff

Effective duty on specified nickel Notification No. 52/93-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 nickel falling within Chapter 75 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), and produced out of copper reverts, copper spent anodes or copper anode slime sent out of India for toll smelting or toll processing, when imported into India, 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 per cent of the value of the said goods representing only - (i) the toll smelting or toll processing costs, as the case may be, that is to say,- (a) labour charges, (b) cost of material (other than the cost of the goods sent out of India) used in such toll smelting or toll processing, and (c) any other charges which are payable in connection with the toll smelting or toll processing abroad; and (ii) the insurance and freight charges, both ways, subject to the followng conditions, namely:- (a) the nickel is imported within three years of the date of sending of copper reverts, copper spent anodes or copper anode slime out of India; and (b) sufficient evidence exists to show that the nickel which is imported have in fact been obtained out of toll smelting or toll processing of the copper reverts, copper spent anodes or copper anode slime sent out of India.