Customs surcharge exemption removes surcharge on imports of goods listed in the First Schedule under specified statutory authority. Exempts all goods falling within the First Schedule of the Customs Tariff Act, 1975 from the whole of the customs surcharge leviable by virtue of section 90(1) of the Finance Act, 2000. The Central Government, invoking section 25(1) of the Customs Act, 1962 read with section 90(4) of the Finance Act, 2000, notifies the exemption as necessary in the public interest and supersedes the earlier notification, save for things done or omitted before the supersession.
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Customs surcharge exemption removes surcharge on imports of goods listed in the First Schedule under specified statutory authority.
Exempts all goods falling within the First Schedule of the Customs Tariff Act, 1975 from the whole of the customs surcharge leviable by virtue of section 90(1) of the Finance Act, 2000. The Central Government, invoking section 25(1) of the Customs Act, 1962 read with section 90(4) of the Finance Act, 2000, notifies the exemption as necessary in the public interest and supersedes the earlier notification, save for things done or omitted before the supersession.
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