Exemption to crude petroleum - 049/87 - Customs -Tariff

Exemption to crude petroleum Notification No. 49/87-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 Zirconia Bubbles, Tubular Alumina and Calcined Alumina of purity 99% and above falling within Chapter 28 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India for manufacture of refractory products, 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 55 per cent ad valorem.