Exemption to Outboard Motors falling under Heading 84.07 - 148/88 - Customs -Tariff

Exemption to Outboard Motors falling under Heading 84.07 Notification No. 148/88-Cus. Dated 27-4-1988 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 exempt outboard motors falling under Heading No. 84.07 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India by any State Fisheries Corporation for fitment to boats used for fishing operations, 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 of 25 per cent ad valorem and from the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act.