Prescribes effective rates of basic duty on specified goods falling under Heading Nos. 44.03 and 44.07 - 058/90 - Customs -Tariff

Prescribes effective rates of basic duty on specified goods falling under Heading Nos. 44.03 and 44.07. Notification No. 58/90-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), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 62/85-Customs, dated the 17th March, 1985 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 (2) of the Table hereto annexed, and falling under heading Nos. 44.03 or 44.07 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) from so much of the duty of customs leviable thereon which is specified in the said Schedule, as is in excess of the; amount calculated at the rate specified in the corresponding entry in column (3) of the said Table and from the whole of the additional duty leviable under section 3 of the said Customs Tariff Act. TABLE S. No. Description of goods Rate of duty (1) (2) (3) 1. Wood in the rough 10% ad valorem 2. Wood roughly squared and half squared, but not further manufactured 10% ad valorem 3. Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed of a thickness exceeding 25.04 mm (1 inch) 15% ad valorem