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The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (i)

PUBLISHED BY AUTHORITY

No. 368] NEW DELHI, FRIDAY, NOVEMBER 12, I976/KARTIKA 21, 1898

Separate paging is given to this Part in order that it may be filed

as a separate compilation

DEPARTMENT OF REVENUE AND BANKING

(Revenue Wing)

NOTIFICATION

CUSTOMS

New Delhi, the 12th November 1976

G.S.R. 876 (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 32 of the Finance Act, 1976, (66 of 1976), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts component parts and cases of braille watches, solely imported for the manufacture of braille watches, falling within Chapter 91 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), from—

(i) so much of that portion of the duly of customs leviable thereon which is specified in the said First Schedule as is in excess of—

(a) 7½ per cent ad valorem, if the article is the manufacture of the United King-

dom; and(b) 10 per cent ad valorem, in all other cases, and (ii) the whole of the auxiliary duty of customs leviable thereon under sub-section (1) of section 32 of the said Finance Act: Provided that the importer, by the execution of a bond in such form and in such sum as may be prescribed by the Assistant Collector of Customs, binds himself to pay on demand in respect of such parts as are not proved to the satisfaction of the Assistant Collector of Customs to have been used for (2663)

the aforesaid purpose, an amount equal to the difference between the duty leviable on such parta but for the exemption contained and tiiat already pHid at tho time of importation.

[No. 435/F. No. 355/128/76-Cus. I]

M. JAYARAMAN, Under Secy.