Tanning extracts etc. [Chapter 32] - 055/92 - Customs -Tariff

Tanning extracts etc. [Chapter 32] Notification No. 55/92-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 goods specified in column (3) of the Table hereto annexed and falling under the sub-heading No. 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 duty of customs leviable thereon, which is specified in the said First Schedule, as is in excess of, - (a) the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table, where the standard rate of duty is leviable; and (b) the amount calculated at the rate specified in the corresponding entry in column (5) of the said Table, where the preferential rate of duty is leviable. TABLE S. No. Sub-heading No. Description Rate Standard Preferential (1) (2) (3) (4) (5) 1. 3201.90 All goods 65% ad valorem 55% ad valorem