9911796707
TMI BlogExemption to components of light commercial motor vehiclesX X X X Extracts X X X X X X X X Extracts X X X X ..... oad not exceeding 4,000 kilograms, from :- (a) so much of the duty of Customs, which is leviable thereon under the First Schedule to the Customs, Tariff Act, 1975 (51 of 1975) as is in excess of the amount calculated at the rate of 10 per cent ad valorem , and (b) the whole of the additional duty leviable thereon under Section 3 of the said Customs Tariff Act, subject to the following conditions, namely :- (i) the exemption contained in this notification shall be applicable only to those components of light commercial motor vehicles (including components of light commercial motor vehicles in semi-knocked down packs and completely knocked down packs) which are covered by lists certified by an officer not below the rank of an Industria ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... een the duty leviable on such quantity of the said imported goods but for the exemption contained herein and that already paid at the time of importation. 2. The exemption contained in this notification shall be applicable, on or after the 1st day of July, 1987, only to those components of light commercial motor vehicles (including components of light commercial motor vehicles in semi-knocked down packs and completely knocked down packs) required for the manufacture of light commercial motor vehicles of pay load not exceeding 4,000 kilograms, which are certified to be fuel-efficient light commercial motor vehicles by an officer not below the rank of a Deputy Secretary in the Ministry of Industry (Department of Industrial Development). ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ue at full load and full throttle in accordance with testing conditions stipulated in IS : 10000 (Part VIII)-1980. TABLE Sl. No Description of motor vehicles Specific fuel consumption per KW. hour not exceeding Net Tonne Kilometre MOVED PER LITRE OF DIESEL NOT LESS THAN At 40 KMPHat 60 KMPH (1) (2) (3) (4) (5) 1. Light commercial motor vehicles of payload not exceeding 2,000 kilograms 240 grams 35 28 2. Light commercial motor vehicles of payload exceeding 2,000 kilograms but not exceeding 4,000 kilograms. 240 grams 40 32 - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementin ..... X X X X Extracts X X X X X X X X Extracts X X X X
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