Exemption to goods falling under Chapter 39 - 088/87 - Customs -Tariff

Exemption to goods falling under Chapter 39 Notification No. 88/87-Cus. Dated 1-3-1987 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. 150/86-Customs, dated the 1st March, 1986, the Central Government, being satis fied that it is necessary in the public interest so to do, hereby exempts the goods falling within Chapter 39 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), specified in column (2) of the Table hereto annexed, when imported into India, from so much of that portion of duty of customs leviable thereon which is specified in the said First Schedule as is in excess of the amount calculated at the rate specified in the corres ponding entry in column (3) of the said Table : Provided that nothing in this notification shall effect the exemption granted under any of the notifications of the Government of India for the time being in force, from the duty of customs specified in the said First Schedule in respect of the goods referred to in this notification. THE TABLE Sl. No. Description of goods Rate (1) (2) (3) 01. The following goods (including moulding powders thereof), namely :- 150% ad valorem (i) Phenol formaldehyde resins (ii) Urea formaldehyde resins (iii) Malamine formaldehyde resins (iv) Polyester resins (v) Epoxide resins (vi) Polyamides (vii) Polymethyl mathacrylate (viii) Polybutylene Terephthalate 02. Polystyrene 100% ad valorem plus Rs. 5,000 per tonne. 03. The following goods, namely :- 20% ad valorem (i) Polyphenylene Oxide (ii) Polysulphones (iii) Polyacetals (iv) Polycarbonate 04. Polyvinyl Chloride, - (i) Paste grade resin or battery grade resin Rs. 15,000 per tonne (ii) Others Rs. 7,500 per tonne 05. Acrylic Scrap 60% ad valorem plus Rs. 2,500 per tonne 06. Cellulose Acetate Scrap 50% ad valorem plus Rs. 5,000 per tonne 07. Polyethelene having a specific gravity of less than 0.94 75% ad valorem 08. Silicons 150% ad valorem 09. Polyester Chips 200% ad valorem 10. All others 100% ad valorem