Partial exemption from auxiliary duty of customs in excess of 5% ad valorem on specified goods - 191/92 - Customs -Tariff

Partial exemption from auxiliary duty of customs in excess of 5% ad valorem on specified goods Notification No. 191/92-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. 123/92-Customs, dated the 1st March, 1992, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods specified in column (3) of the Table annexed hereto and falling within the Chapters of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), specified in the corresponding entry in column (2) of the said Table, when imported into India, from so much of the 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 calculated at the rate of 5 per cent of the value of such goods as determined in accordance with the provisions of section 14 of the first mentioned Act : Provided that nothing contained in this notification shall be applicable to goods in respect of which an importer avails of the exemption from the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) contained in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 185/92-Customs, dated the 14th May, 1992. TABLE Sl. No. Chapter of the First Schedule to Customs Tariff Act, 1975 Description of goods (1) (2) (3) 1. 8 Dates dry all qualities but excluding seedless and raisins 2. 8 Almond in hard shell 3. 14. Wattle Bark 4. 25 Dead burnt magnesite having silica content less than 4% by weight and magnesium oxide not less than 90% by weight and such dead burnt magnesite having bulk density not less than 3.20 gm/cc or dead burnt magnesite having magnesium oxide not less than 92% and silica content not more than 3.5% 5. 26 Zinc Concentrates 6. 27 Mineral grease (including petroleum jelly) and Lubricating oil 7. 37 Photopolymer (relief image) plates 8. 44 (i) Wood in the rough (ii) Wood roughly squared and half squared, not further manufactured 9. 52 Cotton Raw 10. 53 Flax, ramie, sisal and manila hemp fibre 11. 72 Pig Iron 12. 76 Aluminium waste and scrap 13. 82 Blades/knives for leather shaving machine 14. 90 Polymer plate processing equipment 15. 90 Automatic film processor for use in the printing industry 16. 90 Colour scanner Explanation. - In this notification "lubricating oil" means any oil as is ordinarily used for lubrication excluding any hydrocarbon oil which has its flash point below 93.3° centigrade.