Amends Notification No. 522/86-Cus. - 194/87 - Customs -Tariff

Amends Notification No. 522/86-Cus. Notification No. 194/87-Cus. Dated 4-5-1987 In exercise of the powers conferred by section 66 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that in the interests of the development of the domestic automobile industry, it is necessary so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance, Department of Revenue, No. 522/86-Customs, dated the 31st December, 1986, namely :- In the said notification, - (1) in the opening paragraph, for the portion beginning with the words figures and brackets "the Customs Act, 1962 (52 of 1962) for the manufacture of body panels" and ending with the words and figure "section 3 of the said Customs Tariff Act," the following shall be substituted, namely :- "the Customs Act, 1962 (52 of 1962), - (a) for the manufacture of body panels of fuel-efficient motor car or fuel-efficient van, of engine capacity not exceeding 1000 cubic centimetres, to be used for the manufacture of such fuel-efficient motor car or fuel-efficient van from - (i) 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 (ii) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act; (b) for the manufacture of such body panels of fuel-efficient motor car or fuel-efficient van of engines capacity not exceeding 1000 cubic centimetres as are manufactured for the purposes of providing warranty coverage or after-sale service in respect of such fuel-efficient motor cars and fuel-efficient vans, from - (i) 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 70 per cent ad valorem; (ii) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act,"; (2) in condition (ii), for the words "have also been used in the manufacture of such motor cars or vans", the following words shall be substituted, namely :- "have also been either used in the manufacture of such motor cars or vans or have been supplied for the purposes of providing warranty coverage or after-sale service, as the case may be, in respect of such fuel-efficient motor cars or fuel-efficient vans."