In exercise of the powers conferred by sub-section (1) of section 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 goods of the description as specified in column (3) of the Table appended hereto and falling under the Chapter, Heading, Sub-heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as specified in the corresponding entry in column (2) of the said Table, when imported into India from the Republic of Korea, from so much of the duty of customs leviable thereon as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the aforesaid Table:
Provided that the importer proves to the satisfaction of the Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the case may be, that the goods in respect of which the benefit of this exemption is claimed are of the origin of Republic of Korea, in accordance with the provisions of the Customs Tariff (Determination of Origin of Goods under the Preferential Trade Agreement between the Governments of the Republic of India and the Republic of Korea) Rules, 2009, published in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 187/2009-Customs (N.T.), dated the 31st December, 2009.
TABLE
(a) in sheets or rolls of width exceeding 36 cm; or
(b) in rectangular (including square) sheets with one side exceeding 36 cm and other side exceeding 15 cm in the unfolded state.
Provided that, to give effect to the bilateral safeguard measure, as recommended by the Director General of Trade Remedies, -
(a) nothing contained in serial number 230A and entries relating thereto in the said Table shall have effect up to and inclusive of the 5th day of July, 2022, and
(b) nothing contained in serial number 230C and entries relating thereto in the said Table shall have effect up to and inclusive of the 5th day of July, 2021;
unless revoked, superseded or amended earlier.
Provided further that, to give effect to the bilateral safeguard measure, as recommended by the Director General of Trade Remedies, -
(i) nothing contained in serial number 342 and entries relating thereto in the said table shall have effect up to and inclusive of the 12th day of July, 2022;
(ii) the entries contained in serial number 342A in the said table shall have effect up to and inclusive of the 12th day of July, 2021;
(iii) the entries contained in serial number 342B in the said table shall have effect up to and inclusive of the 12th day of July, 2022; and
(iv) the entries contained in serial number 342C in the said table shall have effect from the 13th day of July, 2021 to the 12th day of July, 2022 (both days inclusive);
Prashant Kumar
Under Secretary to Government of India
(Amended by Notification No. 4/2010-Cus, dated 15-1-2010, No. 137/2010-Cus, dated 31-12-2010, No. 123/2011-Cus, dated 30-12-2011, No. 66/2012 Customs, Dated 31/12/2012, No. 54/ 2013 Customs dated 31st December, 2013, Not. 35/2014 - Dated 29-12-2014, Not. 60/2015 - Dated 30-12-2015, Not.66/2016 - Dated 31-12-2016, Notification No. 95/2017 Dated 22-12-2017