Fixation of level of auxiliary duty of component parts of machinery imported for initial setting up, etc. - 318/86 - Customs -Tariff

Fixation of level of auxiliary duty of component parts of machinery imported for initial setting up, etc. Notification No. 318/86-Cus. Dated 13-5-1986 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sub-section (4) of section 49 of the Finance Act, 1986 (23 of 1986), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 194/86-Customs, dated the 1st March, 1986, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts parts falling within Chapters 84 and 85 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), required for the purpose of initial setting up, or for the assembly or manufacture, of any article specified in the Table annexed hereto when imported into India and proved to the satisfaction of the Assistant Collector of Customs to be so required for such setting up, assembly or manufacture, from so much of the auxiliary duty of customs leviable thereon under sub-section (1) of section 49 of the said Finance Act, as is in excess of the amount calculated at the rate of auxiliary duty of customs leviable under the said Finance Act, read with any relevant notification for the time being in force, on the said article when imported complete, subject to the conditions specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 155/86-Customs, dated the 1st March, 1986. THE TABLE Articles falling under the following heading Nos. and sub-heading No. of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), namely :— (1) 84.01 to 84.08 (2) 84.10 to 84.13 (3) 84.14 (excluding 8414.51) (4) 84.16 (5) 84.18 (excluding heat pump and domestic refrigerators) (6) 84.19 (excluding machinery and equipment used in air-conditioning) (7) 84.20 to 84.26 (8) 84.28 to 84.30 (9) 84.32 to 84.46 (10) 84.47 and 84.48 (excluding domestic knitting machines and auxiliary machinery for use in the domestic knitting machines) (11) 84.49 to 84.51 (12) 84.52 (excluding Sewing Machines of the household type) (13) 84.53 to 84.65 (14) 84.67 and 84.68 (15) 84.74 to 84.79 (16) 85.01 and 85.02 (17) 85.04 (18) 85.08 to 85.10 (19) 85.15 to 85.17 (20) 85.43