Auxiliary duty - 125/92 - Customs -Tariff

Auxiliary duty Notification No. 125/92-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 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-clause (1) of clause 114 of the said Finance Bill as is in excess of the amount calculated at the rate of 30 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. 26/92-Customs, dated the 1st March, 1992. TABLE S. No. Chapter No. in the First Schedule to the Customs Tariff Act, 1975 Description of goods (1) (2) (3) 1. 26 Iron ore pellets 2. 26 Lead concentrates 3. 26 Zinc dross, ash and residues of zinc 4. 37 Colour negatives of unexposed cinematograph film 5. 39 (i) Polypropylene and copolymers of propylene (ii) Polystyrene and copolymers of styrene 6. 39 Polyvinyl Chloride and copolymers of Vinyl Chloride 7. 40 Goods falling under Heading No. 40.10 8. 48 Stereo flongs 9. 54 Viscose filament yarn below 600 deniers and cupram-monium filament yarn 10 71 Industrial diamonds 11. 84 and 85 Goods falling under the following Heading Nos. or sub-heading Nos. of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), - (i) 8455.30 (ii) 8479.10 (iii) Wire Coil winders falling under 8479.81 (iv) 8479.82 (v) Machinery other than for production of a commodity falling under 8479.89 (vi) 84.80 (vii) 8481.10 (viii) 8505.20 and 8505.30 (ix) 85.14 (excluding industrial and laboratory electric furnace and ovens) (x) 85.35 (xi) 8537.20 (xii) 8545.11 (xiii) Goods other than ferrite permanent magnets and articles of ferrite for permanent magnets being blanks of such magnets falling under 8505.11 (xiv) Electrical resistors designed for use in circuits of 400 Volts and above or of 20 Amperes and above or for use with motors of 1.5 KW and above falling under 85.33 (xv) Fuses, automatic circuits breakers, relays, switches and other apparatus for protecting electrical circuits or for making connections, to or in electrical circuits of 400 volts and above or of 20 Amperes and above or for use with motors of 1.5 KW and above falling under 85.36 (xvi) Goods for use in circuits of 400 Volts and above or of 20 Amperes and above or for use with motors of 1.5 KW and above falling under 8537.10 (xvii) Carbon electrodes for electrolysers and nipples thereof falling under 8545.19 or 8545.90 (xviii) Insulators designed for use in electrical circuits of 400 Volts and above falling under 85.46 12. 86 Locomotives and tenders 13. 87 Fire-engines and parts of such fire-engines 14. 90 Machines and apparatus used in cinematographic laboratories, namely, film printing machines, film cleaning machines, cinematographic reducers and enlargers, blooping punch for sound splicing and film analyser 15. 90 Cinematographic machines, equipments and apparatus, namely, film editing machines, re-recording, scoring and dubbing equipment and sound mixing units 16. 96 Composing sticks