In exercise of the powers conferred by section 103 of the Finance (No.2) Act, 1998 (21 of 1998), read with 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 motor spirit commonly known as petrol, falling under heading 2710 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from so much of the additional duty of customs leviable thereon undersection 103 read withthe Second Scheduleto the said Finance (No.2)Act, 1998, as is in excess of the amount calculated at the rate of rupees six per litre.

(Akshay Joshi)

Under Secretary to the Government of India