Auxiliary duty - 123/92 - Customs -Tariff

Auxiliary duty Notification No. 123/92-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 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 notifications of the Government of India in the Ministry of Finance (Department of Revenue) Nos. 26/92-Customs and 34/92-Customs, both dated the 1st March, 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.