Auxiliary duty - 129/92 - Customs -Tariff

Auxiliary duty Notification No. 129/92-Cus. Dated 1-3-1992 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sub-clause (4) of clause 114 of the Finance Bill, 1992 which clause has, by virtue of the declaration made in the said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of 1931) the force of law, 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-clause (1) of clause 114 of the said Finance Bill, as is in excess of the amount calculated at the rate of auxiliary duty of customs leviable under the said Finance Bill read with any relevant notification for the time being in force, on the said equipment when imported complete, subject to the con ditions 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.