Special provisions exempting additional duty of customs on import of foreign-going vessels into India.
125. Notwithstanding anything contained in sub-section (1) of section 25 of the Customs Act, the item and its description specified under column (1) of the Second Schedule, falling under Chapter 89 of the First Schedule to the Customs Tariff Act, 1975, (51 of 1975) shall be and shall be deemed to have been exempted from the whole of the additional duty of customs leviable thereon under sub-section (1) of section 3 of the said Customs Tariff Act, on and from and up to the corresponding date specified in column (2) thereof.
Notes on Clauses:
Clause 125 of the Bill seeks to exempt the item specified in column (1) of the Second Schedule from the whole of additional duty of customs with retrospective effect from the 1st day of March, 2011 up to the 16th day of March, 2012.
This amendment will take effect from the date on which this Bill receives the assent of the President.
