Exemption to woollen rags and synthetic rags - 056/87 - Customs -Tariff

Exemption to woollen rags and synthetic rags Notification No. 56/87-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), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts woollen rags and synthetic rags, falling within Chapter 63 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from so much 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 30 per cent ad valorem.