Section 68 - Special duties of customs - Finance (No. 2) Act, 1996

68. Special duties of customs (1) In the case of goods mentioned in the First Schedule to the Customs Tariff Act, or in that Schedule, as amended from time to time, there shall be levied and collected as a special duty of customs, an amount equal to 1 [ five per cent. ] of the value of the goods as determined in accordance with the provisions of section 14 of the Customs Act. 2 [ Provided that in the case of goods falling under heading Nos. 27.09 to 27.15 and heading No. 98.01 of the said First Schedule, the provisions of this sub-section shall have effect as if for the words five per cent. , the words two per cent. had been substituted. ] (2) Sub-section (1) shall cease to have effect after the 31st day of March, 1999, and upon such cesser, section 6 of the General Clauses Act, 1897 (10 of 1897) shall apply as if the said sub-section had been repealed by the Central Act. (3) The special duties of customs referred to in sub-section (1) shall be in addition to any duties of customs chargeable on such goods under the Customs Act or any other law for the time being in force. (4) The provisions of the Customs Act and the rules and regulations made there under including those relating to refunds and exemptions from duties shall, as far as may be, apply in relation to the levy and collection of the special duties of customs leviable under this section in respect of any goods as they apply in relation to the levy and collection of the duties of customs on such goods under that Act or those rules and regulations, as the case may be. *************** NOTES:- 1 . Substituted vide Section 3 of the Finance (Amendment) Act, 1998 dated 07-07-1998 w.e.f. 16-09-1997 before it was read as, two per cent. 2 . Substituted vide Section 3 of the Finance (Amendment) Act, 1998 dated 07-07-1998 w.e.f. 16-09-1997