Motor vehicles [Chapter 87] - 103/92 - Customs -Tariff

Motor vehicles [Chapter 87] Notification No. 103/92-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), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts components and parts of motor vehicles and falling within Chapter 87 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India from so much of the duty of customs leviable thereon which is specified in the said First Schedule, as is in excess of the amount calculated at the rate of 35% ad valorem.