Fixation of the rate of auxiliary duty on component parts of medical electronic equipments - 197/92 - Customs -Tariff

Fixation of the rate of auxiliary duty on component parts of medical electronic equipments Notification No. 197/92-Cus. Dated 14-5-1992 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sub-section (4) of section 111 of the Finance Act, 1992 (18 of 1992), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 129/92-Customs, dated the 1st March, 1992, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts parts (other than parts containing thermionic valves or transistors or similar semi-conductor devices or light emitting diodes or electronic micro circuits or capacitors other than paper capacitors) required for the manufacture of medical electronic equipment falling under Chapter 85, Chapter 90 or Chapter 98 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India and proved to the satisfaction of the Assistant Collector of Customs to be so required for such manufacture from so much of auxiliary duty of customs leviable thereon under sub-section (1) of section 111 of the said Finance Act, as is in excess of the amount calcu lated at the rate of auxiliary duty of customs leviable under the said Finance Act read with any relevant notification for the time being in force, on the said equipment when imported complete, subject to the conditions specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 235-Customs, dated the 18th August, 1983 as amended from time to time.