Exemption of basic duty and whole of additional duty to zirconium oxide and yttrium oxide falling within chapter 28 imported for manufacture of raw cubic zirconia - 057/91 - Customs -Tariff

Exemption of basic duty and whole of additional duty to zirconium oxide and yttrium oxide falling within chapter 28 imported for manufacture of raw cubic zirconia Notification No. 57/91-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 zirconium oxide and yttrium oxide, falling within Chapter 28 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, for manufacture of raw cubic zirconia, from - (a) so much of that portion 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 per cent ad valorem; and (b) the whole of the additional duty leviable thereon under section 3 of the said Cuustoms Triff Act.