News print, printing and writing paper - 55/86 - Customs -Tariff

News print, printing and writing paper Notification No. 55/86-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 annexed hereto and falling under the heading No. or the 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 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. 4801.00 (a) Newsprint (excluding the varieties known as chrome, marble, flint, poster, stereo and art paper) 40% ad valorem plus Rs. 1000 per tonne (b) Newsprint of the varieties known as chrome, marble, flint, poster, stereo and art paper 60% ad valorem 2. 48.10 4823.51 4823.59 4823.90 Printing and writing paper 60% ad valorem . 2. This notification shall come into force on the 28th day of February, 1986.