Reducing specific component of customs duty on specific tariff lines of chapter 51 - 048/2006 - Customs -Tariff

Rescinded vide Notification No. 05/2022-Customs dated 01-02-2022 w.e.f. 02-02-2022 Reducing specific component of customs duty on specific tariff lines of chapter 51 May 26, 2006 Notification No.48/2006-Customs G.S.R.(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (3) of the Table below and falling within the sub-heading of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as are specified in the corresponding entry in column (2) of the said Table, when imported into India, from so much of the duty of customs leviable thereon under 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 S.No. Sub-heading Description of goods Rate (1) (2) (3) (4) 1. 5111 11 All goods 10% or ₹ 115 per sq. metre, whichever is higher 2. 5111 19 All goods 10% or ₹ 125 per sq. metre, whichever is higher 3. 5111 20 All goods 10% or ₹ 65 per sq. metre, whichever is higher 4. 5111 30 All goods 10% or ₹ 65 per sq. metre, whichever is higher 5. 5111 90 All goods 10% or ₹ 75 per sq. metre, whichever is higher 6. 5112 11 All goods 10% or ₹ 105 per sq. metre, whichever is higher 7. 5112 19 All goods 10% or ₹ 130 per sq. metre, whichever is higher 8. 5112 20 All goods 10% or ₹ 70 per sq. metre, whichever is higher 9. 5112 30 All goods 10% or ₹ 90 per sq. metre, whichever is higher 10. 5112 90 All goods 10% or ₹ 115 per sq. metre, whichever is higher Explanation . - For the purposes of this notification, the rate specified in column (4) of the Table above is ad valorem rate unless otherwise specified therein. [F.No. 357/5/2006-TRU] ------------------------------ Notes:- (As amended By Notification No. 35/2007 Cus., dated 1/3/2007) 1. (For the figures and symbol 12.5% wherever they occur, the figures and symbol 10% has been substituted. vide Notification No. 35/2007 dated 1/3/2007)