The Gazette of India
EXTRAORDINARY
PART II— Section 3- Sub-section (i)
PUBLISHED BY AUTHORITY
No. 272] NEW DELHI, SATURDAY, OCTOBER 28, 1971/KARTIKA 6, 1894
Separate paging is given to this Part in order that it may be filed
as a separate compilation
MINISTRY OF FINANCE
(Department of Revenue and Insurance)
NOTIFICATIONS
CUSTOMS
New Delhi, the 28th October 1972
G.S.R. 453(E).—In exercise of the powers conferred by sub section (1) of sec- tion 25 of the Customs Act, 1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public Interest so to do, hereby exempts palm oil, when imported into India, for use in the manufacture of vanaspati, from—
(a) so much of that portion of the duty of customs leviable thereon which is specified in the First 'Schedule to the Indian Tariff Act, 1934 (32 of 1934), as is in excess of 30 per cent ad valorem, where the standard rate of duty is leviable;
2086 THE GAZETTE OF INDIA EXTRAORDINARY [PART H—SEC. 2(1)]G.S.R. 4S4(E). In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sub-section (4) of section 62 of the Finance Act, 1972 (16 of 1972), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts palm oil, when imported into India, for use in the manufacture of vanaspati, from so much of the regulatory duty of customs leviable thereon, under the notification of the Government of India, in the Ministry of Finance (Department of Revenue and Insurance) No. 72-Customs, dated the 28th May, 1972, as ts in excess of 2i per cent of the value as determined in accordance with the provisions of section 14 of the Customs Act, 1962.
[No. 122/F. No. 85&/"4/72-Cus.I.] S. NARAYANAN, Dy. Secy.