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 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 Republic of Singapore, so much of the Duty of Custom leviable theron as is in excess of 50 percent of the applied rate of Duty:
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 Singapore, in accordance with provisions of the Rules of Origin, published in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 59/2005-Customs (N.T.), dated the 20th July, 2005.
2. This notification shall come into force with effect from the 1st day of August, 2005.
Explanation. - For the purposes of this notification, "applied rate of duty" means the standard rate of duty specified in the First Schedule to the said Customs Tariff Act, 1975 in respect of the goods specified in 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 Customs Act, 1962 (52 of 1962).
Table
(Ajay)
Under Secretary to the Government of India
Amended by Notification No. 38/06 dated 28/4/2006; 137/06 dated 30/12/2006; 17/2007 dated 22/2/2007, 49/2007 dated 29/3/2007, 45/2008 dated 9/4/2008, and 69/2009 dated 19/6/2009,No. 35/2012-Customs, Dated 14/05/2012, no. 10/2013 Cus dated 1.3.2013, No. 67/2016 - Dated 31-12-2016