Exemption from customs surcharge removes surcharge on imports of goods listed in the First Schedule under Finance Act authority. The notification exempts all goods specified in the First Schedule to the Customs Tariff Act, 1975, when imported into India, from the customs surcharge leviable under the Finance Act, 1999, effected by exercise of powers under section 25(1) of the Customs Act, 1962 and the corresponding provision of the Finance Act, 1999 as a public interest measure.
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Provisions expressly mentioned in the judgment/order text.
Exemption from customs surcharge removes surcharge on imports of goods listed in the First Schedule under Finance Act authority.
The notification exempts all goods specified in the First Schedule to the Customs Tariff Act, 1975, when imported into India, from the customs surcharge leviable under the Finance Act, 1999, effected by exercise of powers under section 25(1) of the Customs Act, 1962 and the corresponding provision of the Finance Act, 1999 as a public interest measure.
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