Auxiliary duty - 127/92 - Customs -Tariff

Auxiliary duty Notification No. 127/92-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 component parts of simulators of aeroplanes and other aircrafts falling within Chapter 88 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when im ported into India, from so much of the 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 the auxiliary duty of customs leviable on component parts of aeroplanes or other aircrafts, as the case may be, under the said Finance Bill read with any relevant notification for the time being in force.