Notification No. 95/2004, Dated 15th Sept 2004

S. No.

Notification number and date

Amendment

(i)  in the  opening portion, for the portion beginning with words “goods imported into India from” and ending with the words  figure and  letter “ the whole of the Special Additional Duty of Customs leviable under section 3A of the said  Customs Tariff Act”, the following  shall be substituted, namely:-

“the goods of description specified in column (2) of the Table below, when imported into  India ,-

(a)     from so much of duty of customs 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 specified in the corresponding entry in column (3) of the said Table;

(b)     from so much of duty of customs leviable thereon under the First Schedule to the  Customs Tariff Act, as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table”;

(ii)  after  condition (iv) and  before the Explanation, the  following Table shall be inserted, namely,-

“TABLE

(iii)       in  Explanation, after Explanation (iii),  the following Explanations shall be inserted, namely:-

 ‘ (iv) “applied rate of duty” means the standard rate of duty specified in the First  Schedule to the said Customs Tariff Act  with respect to the goods specified in column (2) of  the said Table, read with any other notification  (for the time being in force) issued in respect of such goods under sub-section (1) of section 25 of the said Customs Act ;

(v) “applied rate of additional duty” means the additional duty leviable under  section 3 of the said Customs Tariff Act with respect to the goods specified in column (2) of   said Table, read with any other notification  (for the time being in force) issued in respect of such goods under sub-section (1) of section 25 of the said Customs Act.’;

(i)  in the opening   portion, for the portion beginning with words “goods imported into India from” and ending with the words  “subject to the  following  conditions,  namely:-”  the following  shall be substituted, namely:-  

“the goods of description specified in column (2) of the Table below, when imported into India ,- 

(1)    from so much of duty of customs 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 specified in the corresponding entry in column (3) of the said Table;

(2)              from so much of duty of customs leviable thereon under the First Schedule to  the  said  Customs  Tariff  Act as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table;

             subject  to the  following conditions, namely:-” 

(ii) after  condition (vii) and  before  the  Explanations, the  following Table shall be inserted, namely:-

“TABLE

(iii)  for  Explanation, the  following  Explanation, shall be inserted, namely,-

‘ For the  purposes of  this  notification ,-

(i)         “ Export  and  Import  Policy”  means  the Export  and  Import  Policy, April, 1997-March, 2002, published vide  notification of the Government of  India in the  Ministry of  Commerce No. 2/1997-2002, dated  the  31^st  March, 1997;

(ii)       “applied rate of duty” means the standard rate of duty specified in the First Schedule to the said Customs Tariff Act  with respect to the goods specified in column (2) of  the said Table, read with any other notification  (for the time being in force) issued in respect of such goods under sub-section (1) of section 25 of the said Customs Act;

(iii)         “applied rate of additional duty” means the additional duty leviable under  section 3 of the said Customs Tariff with respect to the goods specified in column (2) of  the said Table, read with any other notification  (for the time being in force) issued in respect of such goods under sub-section (1) of section 25 of the said Customs Act.’.