Exemption to stepper motors for clocks/alarm clocks and parts thereof; micromotors of voltage rating not exceeding 13.5 volts and output not exceeding 20n watts - 062/88 - Customs -Tariff

Exemption to stepper motors for clocks/alarm clocks and parts thereof; micromotors of voltage rating not exceeding 13.5 volts and output not exceeding 20n watts Notification No. 62/88-Cus. Dated 1-3-1988 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 465/86-Customs, dated the 21st November, 1986, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods specified in column (3) of the Table hereto annexed and falling under Heading Nos. of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) specified in the corresponding column (2) of the said Table, when imported into India, from so much of that portion of duty of customs leviable thereon, which is specified in the said First Schedule, as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table, TABLE S. No. Heading No. of the First Schedule to the Customs Tariff Act, 1975. Description of goods Rate (1) (2) (3) (4) 1. 85.01 Stepper Motors for clocks/alarm clocks 35 per cent ad valorem 2. 85.01 DC Micromotors of voltage ratting not exceeding 13.5 volts and output not exceeding 20 watts (other than those covered by S. No. 1 above). Rs. 13 per piece of Micromotors 3. 85.03 Parts of goods covered by S. No. 1 above. 35 per cent ad valorem