Exemption from auxiliary duty suspends customs levy on First Schedule goods for the March 1986 period under statutory authority. Exemption is granted from the auxiliary duty of customs on goods specified in the First Schedule to the Customs Tariff Act, 1975, under powers of section 25(1) of the Customs Act, 1962 read with section 43(4) of the Finance Act, 1985. The exemption removes the levy chargeable under subsection (1) of section 43 of the Finance Act for the period commencing 1 March 1986 and ending 31 March 1986.
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Provisions expressly mentioned in the judgment/order text.
Exemption from auxiliary duty suspends customs levy on First Schedule goods for the March 1986 period under statutory authority.
Exemption is granted from the auxiliary duty of customs on goods specified in the First Schedule to the Customs Tariff Act, 1975, under powers of section 25(1) of the Customs Act, 1962 read with section 43(4) of the Finance Act, 1985. The exemption removes the levy chargeable under subsection (1) of section 43 of the Finance Act for the period commencing 1 March 1986 and ending 31 March 1986.
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