Seeks to rescind notification Nos. 190/1978-Customs and 191/1978-Customs both dated 22th September, 1978 prescribing additional duty of customs on imports of transformer oil equivalent to such portion of the excise duty leviable on the raw material commonly known as transformer oil base stock or transformer oil feedstock. - 04/2022 - Customs -Tariff

Rescission of customs notifications removes the additional duty linkage on imported transformer oil, subject to prior-act savings.

Rescinds two specific customs notifications that prescribed an additional duty on imports of transformer oil equivalent to the excise duty on transformer oil base stock or feedstock; withdrawal is effected under sub-section (3) of section 3 of the Customs Tariff Act, 1975, subject to a savings clause preserving actions or omissions prior to rescission, and becomes effective on the stated commencement date.