Exemption to specified goods falling under Chapter 84 or 85 - 002/87 - Customs -Tariff

Exemption to specified goods falling under Chapter 84 or 85 Notification No. 2/87-Cus. Dated 1-1-1987 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. 447/86-Customs, dated the 9th October, 1986, 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 annexed hereto and falling under Chapter 84 or 85 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from - (a) 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 specified in the corresponding entry in column (3) of the said Table; and (b) the whole of the additional duty of customs leviable thereon under section 3 of the said Customs Tariff Act, Subject to the conditions that the goods are imported, - (i) by a person authorised under the Solvent-Extracted Oil, De-oiled Meal and Edible Flour (Control) Order, 1967 to extract, refine, store or use solvent-extracted oils or de-oiled meals; and (ii) by the said person for his own use. TABLE Sl. No. Description of goods Rates (1) (2) (3) 1. Rice bran stabilizer Nil 2. High Pressure/Bipolar Electroliser for Hydrogen gas 30 per cent ad valorem