Specified wood falling within Chapter 44 - 130/91 - Customs -Tariff

Specified wood falling within Chapter 44 Notification No. 130/91-Cus. Dated 13-9-1991 In exercise of the powers conferred by sub-section (1) of Section 25 of the Customs Act, 1962 (52 of 1962), read with sub-section (4) of Section 3 of the Finance Act, 1991 (18 of 1991), 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 chapter 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-section (1) of Section 3 of the said Finance Act 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. THE TABLE Sl. No. Chapter of the First Schedule to the Cus-toms Tariff Act, 1975 Description of goods (1) (2) (3) 1. 44 (i) Wood in the rough; (ii) Wood roughly squared and half-squared, but not further manufactured.