Exemption to jumbo rolls of graphic art films and photographic colour paper [Ch. 37] - 216/88 - Customs -Tariff

Exemption to jumbo rolls of graphic art films and photographic colour paper [ Ch. 37] Notification No. 216/88-Cus. Dated 7-7-1988 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 jumbo rolls of graphic art films and jumbo rolls of photographic colour paper, of width 1 metre or more and of length 600 metres or more, falling within Chapter 37 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 under the said First Schedule as is in excess of the amount calculated at the rate of 60 per cent ad valorem, subject to the following conditions, namely :- (i) the importer undertakes conversion of the said jumbo rolls by slitting or confectioning into finished products; (ii) the importer holds an industrial licence under the Industries (Development and Regulation) Act, 1951 (65 of 1951), for slitting and confectioning of photo-sensitised materials from jumbo rolls. 2. This notification shall be in force upto and inclusive of the 30th day of June, 1989.