Effective rates of auxiliary duty on crude petroleum and all other goods - 188/92 - Customs -Tariff

Effective rates of auxiliary duty on crude petroleum and all other goods Notification No. 188/92-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. 120/92-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 (2) of the Table annexed hereto, being goods mentioned in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said First Schedule), 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 specified in the corresponding entry in column (3) of the said Table : Provided that nothing contained in this notification shall affect the exemption granted under any other notification of the Government of India for the time being in force, from the auxiliary duty of customs in respect of the goods referred to in this notification. TABLE S. No. Description of goods Rate (1) (2) (3) 1 Crude Petroleum falling under heading No. 27.09 of the said First Schedule Rs. 500 per tonne 2 All other goods 45 per cent of the value of the goods as determined in acco rdance with the provisions of section 14 of the Customs Act, 1962 (52 of 1962).