Effective rates of basic and additional duty on lactose for manufacture of homoeopathic - 050/91 - Customs -Tariff

Effective rates of basic and additional duty on lactose for manufacture of homoeopathic Notification No. 50/91-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), and in supersession of the notifications of the Government of India in the Ministry of Finance (Department of Revenue) No. 28/90-Customs, dated the 20th March, 1990, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts lactose conforming to Homoeopathic Pharmacopoea of India Specification falling under sub-heading No. 1702.10 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, for manufacture of homoeopathic medicines, 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 15 per cent ad valorem, and (b) the whole of the additional duty of customs leviable thereon under section 3 of the said Customs Tariff Act: Provided that the importer furnishes an undertaking to the effect that - (a) the said imported goods shall be used for the purpose specified above; (b) an account of the said imported goods received and consumed in the place of manufacture for the aforesaid purpose shall be maintained by the manufacturer in the manner specified by the Assistant Collector of Customs; (c) he shall produce the extract of such account duly certified by the said manufacturer evidencing receipt of the said imported goods in the premises of the place of manufacture within a period of 3 months from the date of importation or such extended period as the Assistant Collector of Customs may allow; and (d) he shall pay on demand, in the event of his failure to comply with (a), (b) or (c) above, an amount equal to the difference between the duty leviable on such quantity of the said imported goods but for the exemption contained herein and that already paid at the time of importation.