Exemption to knives and blades of machines falling under Heading No. 82.08 - 4/91 - Customs -Tariff

Exemption to knives and blades of machines falling under Heading No. 82.08 Notification No. 4/91-Cus. Dated 16-1-1991 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 knives and cutting blades, for machines or for mechanical appliances, falling under heading No. 82.08 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India from 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 applicable to the said machine or mechanical appliances read with any notification issued under sub-section (1) of section 25 of the said Customs Act and in force for the time being.