Amends specified notifications relating to certain iron and steel products falling under Chapters 72, 73 and 89 - 087/90 - Customs -Tariff

Amends specified notifications relating to certain iron and steel products falling under Chapters 72, 73 and 89. Notification No. 87/90-Cus. Dated 20-3-1990 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 directs that each of the notifications of the Government of India in the Department of Revenue and Banking or in the Ministry of Finance (Department of Revenue), as the case may be, specified in column (2) of the Table hereto annexed, shall be amended or further amended, as the case may be, in the manner specified in the corresponding entry in column (3) of the said Table. TABLE S. No. Notification No. and dale Amendment (1) (2) (3) 1. 259/76-Customs, dated the 2nd August, 1976. In the said notification, for the figures and words "40 per cent ad valorem ", the figures and words "35% ad valorem " shall be substituted. 2. 260/76-Customs, dated the 2nd August, 1976. In the said notification, for the figures and words "45 per cent ad valorem ", the figures and words "50% ad valorem " shall be substituted. 3. 103/81-Customs, dated the 1st April, 1981. In the said notification, for the words "the whole of the duty of customs leviable thereon which is specified in the said First Schedule", the words and figures "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 rule of 25% ad valorem " shall be substituted. 4. 150/81-Customs, dated the 25th May, 1981. In the said notification, in the Table Sl. No. 3 and the entries relating thereto shall be omitted. 5. 197/83-Customs, dated the 1st July, 1983. In the said notification, for the figures and words "50 per cent ad valorem ", the figures and words "55% ad valorem " shall be substituted. 6. 42/84-Customs, dated the 1st March, 1984. In the said notification, for the figures and words "5 per cent ad valorem ", the figures and words "10% ad valorem " shall be substituted. 7. 306/85-Customs, dated the 1st October, 1985. In the said notification, in paragraph 2, for the figures, letters and words "31st day of March, 1990", the figures, letters and words "30th day of September, 1990" shall be substituted. 8. 88/86-Customs, dated the 17th February, 1986 In the said notification, in the Explanation, for paragraph 3, the following paragraph shall be substituted, namely :- "(3) High carbon steel:- Non-alloy steel containing by weight 0.6% or more of carbon". 9. 58/87-Customs, dated the 1st Mach, 1987. In the said notification, for the words and figures "25 per cent ad valorem ", the words and figures "30% ad valorem " shall be substituted. 10. 142/87-Customs, dated the 27th March, 1987. In the said notification, in item (ii), for the words and figures "Rs. 500 per Light Displacement Tonnage", the words and figures "Rs. 600 per Light Displacement Tonnage" shall be substituted.