Notification No. 22/2007-Customs Duty, Dated; 01/03/2007

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i), 

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

New Delhi, the 1^st March, 2007 

10 Phalguna, 1928 (Saka)

NOTIFICATION No. 22/2007-CUSTOMS

S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.15/2005- Customs, dated the 1^st March, 2005 [published vide number G.S.R.1 13(E), dated the ₁st March, 2005], except as respects things done or omitted to be done before such supersession, the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods falling under the Chapter, heading, sub­heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 ( 51 of 1975), and specified in column (2) of the Table below, when imported into India, from so much of the duty of customs leviable thereon under the said First Schedule as is in excess of –

(a) the amount calculated at the rate specified in the corresponding entry in column

(3) of the said Table, where the standard rate of duty is leviable; and

(b) the amount calculated at the rate specified in the corresponding entry in column

(4) of the said Table, where the preferential rate of duty is leviable.

Explanation. – For the purposes of this notification, the rate specified in column (3) or column (4) is the ad valorem rate.

Table

[F.No. 334/1 /2007-TRU]

(S.Bajaj)

Under Secretary to the Government of India