Prescribes effective rate of basic duty on specified goods falling under Chapter 51 - 068/90 - Customs -Tariff

Prescribes effective rate of basic duty on specified goods falling under Chapter 51. Notification No. 68/90-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 exempts goods of the description specified in column (3) of the Table hereto annexed, and falling under the heading Nos. or sub-heading Nos. of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), specified in the corresponding entry in column (2) of the said Table, when imported into India, from so much 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 specified in the corresponding entry in column (4) of the said Table. TABLE Sl. No. Heading/ sub-head ing No. Description of goods Rate (1) (2) (3) (4) 01. 5105.21 or 5105.29 Combed wool (other than wool tops) 55% ad valorem 02. 5105.29 Wool lops 15% ad valorem 03. 51.02 to 51.10 All goods other than those specified in S. Nos. 01 and 02 above. 55% ad valorem