Pearl, precious metals and coins - 60/86 - Customs -Tariff

Pearl, precious metals and coins Notification No. 60/86-Cus. Dated 17-2-1986 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 the goods specified in column (3) of the Table hereto annexed and falling under the heading No. or sub-heading No. of the First Schedule to the Customs Tariff Act 1975 (51 of 1975), specified in column (2) thereof, 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 (4) of the said Table. TABLE Sl. No. Heading No. or Sub-heading No. of the First Schedule to the Customs Tariff Act, 1975 Description of goods Rate of duty (1) (2) (3) (4) 1. 7101.10 Real pears, raw or unworked 40% ad valorem 2. 7112.20 Waste and scrap of platinum and other metals of the platinum group 60% ad valorem 3. 7118.90 Current coin of the Government of India Nil 2. This notification shall come into force on the 28th day of February, 1986.