Exemption to Wood Sawn or Chipped, Sliced or Peeled etc. Falling Under Heading No. 44.07 - 074/91 - Customs -Tariff

Exemption to Wood Sawn or Chipped, Sliced or Peeled etc. Falling Under Heading No. 44.07 Notification No. 74/91-Cus. Dated 25-7-1991 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 wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed of a thickness exceeding 25.4 mm (1 inch), falling under heading No. 44.07 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) from so much of the duty of customs leviable thereon which is specified in the said Schedule, as is in excess of the amount calculated at the rate of 15 per cent ad valorem and from the whole of the additional duty leviable under section 3 of the said Customs Tariff Act.