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Synthetic raw rubber - 54/86 - Customs -TariffExtract Synthetic raw rubber Notification No. 54/86-Cus. Dated 17-2-1986 In exercise of the powers conferred by sub-section (1) of Section 25 of the Customs Act, 1962 (52 to 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 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. 4001.10 Raw rubber (other than preparations of raw rubber including master batches) 60% ad valorem 2. 40.02 Synthetic raw rubber (other than preparations of synthetic raw rubber including master batches) 60% ad valorem 2. This notification shall come into force on the 28th day of February, 1986.
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