Exemption to specified machinery for use in manufacture of newsprint - 025/88 - Customs -Tariff

Exemption to specified machinery for use in manufacture of newsprint Notification No. 25/88-Cus. Dated 1-3-1988 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 the goods specified in column (2) of the Table hereto annexed and falling within Chapter 84 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India for use in the manufacture of newsprint, from - (a) 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 25 per cent ad valorem ; and (b) the whole of the additional duty of customs leviable thereon under section 3 of the said Customs Tariff Act. TABLE S. No. Description of goods (1) (2) 1. Continuous digester 2. Refiners for mechanical/chemi-mechanical pulping 3. Winder