Wool and Woollen bags [Chapter 51 or 63] - 151/86 - Customs -Tariff

Wool and Woollen bags [Chapter 51 or 63] Notification No. 151/86-Cus. Dated 1-3-1986 In exercise of the powers conferred by sub-section of section 25 of the Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India (Department of Revenue and Banking) No. 240/76-Customs, dated the 2nd August, 1976, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts waste of wool (including yarn waste and garnetted stock) and woollen rags falling within Chapter 51 or 63 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 of 20 per cent ad valorem.