TaxTMI 
TaxTMI 
Amends 30 notifications so as to, inter alia, rationalise the duty rates on various capital goods and raise import duty on aluminium.
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....istry of Finance (Department of Revenue), as the case may be specified in column (2) of the Table hereto annexed, shall be amended or further amended, as the case may be in the manner specified in the corresponding entry in column (3) of the said Table. TABLE S. No. Notification No. and Date Amendment (1) (2) (3) 1. 270/76-Customs, dated the 2nd August, 1976 In the said notification, for the figures and words "40 per cent", the figures and words "35 per cent" shall be substituted. 2. 172/77-Customs, dated the 8th August, 1977 In the Table annexed to the said notification.- (i) Sl. No. 1 and the entries relating thereto shall be omitted; and (ii) for the figures and words "60 per cent ad valorem", wherever they occur, the fi....
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....ords "55% ad valorem", the figures and words "35 per cent ad valorem" shall be substituted. 11. 134/86-Customs, dated the 17th February, 1986 In the Table annexed to the said notification, for the figures and words "60 per cent ad valorem", the figures and words "55 per cent ad valorem" shall be substituted. 12. 390/86-Customs, dated the 29th July, 1986 In the said notification, - (i) for the word and figures "Chapter 84", the words and figures "Chapter 84 or Chapter 90" shall be substituted; and (ii) for the words "thirty per cent", the figures and words "15 per cent" shall be substituted. 13. 397/86-Customs, dated the 29th July, 1986 In the said notification, for the figures and words "25 per cent", the figures and words "15....
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....ation, for the words and Figures "the 31st March, 1990", the words and figures "the 31st March, 1991" shall be substituted. 18. 158/87-Customs, dated the 2nd April, 1987 In the said notification, paragraph 2 shall be omitted. 19. 181/87-Customs, dated the 29th April, 1987 In the said notification,- (i) for the figures and words "25 per cent", the figures and words "15 per cent" shall be substituted; and (ii) for the existing Table, the following Table shall be substituted, namely :- TABLE Articles falling under the following heading Nos. of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), namely :- (1) 84.44 to 84.48 (excluding domestic knitting machines and auxiliary machinery for use with domestic knitting m....