Exemption to certain specified goods of Copper [Ch. 74] - 492/86 - Customs -Tariff

Exemption to certain specified goods of Copper [ Ch. 74] Notification No. 492/86-Cus. Dated 22-12-1986 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. 468/86-Customs, dated the 26th November, 1986, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods specified in column (2) of the Table hereto annexed and falling within Chapter 74 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, 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 the amount calculated at the rate specified in the corresponding entry in column (3) of the said Table. TABLE S. No. Description of goods Rate of duty 1 2 3 1. Copper matte and master alloys 80% 2. Unwrought copper (refined or not) 95% 3. Copper wires 90% 4. Copper rods 95%