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Customs Notification No-02/2007 dated 05.01.2007
 Relates to the Tariff Rate Quota (TRQ) on Desiccated Coconut, Pepper and Vanaspati, Bakery Shortening and Margarine on imports from Sri Lanka

{G.S.R…(E) }. – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (3) of the Table given below and falling under the Heading, or Tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), as specified in the corresponding entry in column (2) of the said Table, from so much of the duty of customs leviable thereon, as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table, subject to the conditions, specified in the Annexure to this notification, the condition number of which is mentioned in the corresponding entry in column (5) of the said Table.

Explanation:- For the purposes of this notification, the rate specified in column (4) is ad valorem rate.

 
Table

 
S.No. Heading or tariff item Description of goods Rate Condition
(1) (2) (3) (4) (5)
1 0801 11 00 Desiccated Coconut upto an aggregate quantity of five hundred metric tonnes of total imports of such goods in a financial year. 30% 1
2 0904 Pepper upto an aggregate quantity of two thousand five hundred metric tonnes of total imports of such goods in a financial year. Nil 1 and 2
3 1516, 1517 or 1518 Vanaspati, bakery shortening and margarine upto an aggregate quantity of two lakh and fifty thousand metric tonnes of total imports of such goods in a financial year. Nil 1 and 2

 
ANNEXURE

 
  Conditions
1 The importer proves to the satisfaction of the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may be, that the goods in respect of which the benefit of this exemption is claimed are of the origin of Democratic Socialist Republic of Sri Lanka in accordance with the Customs Tariff (Determination of Origin under the Free Trade Agreement between the Democratic Socialist Republic of Sri Lanka and the Republic of India) Rules, 2000 published in the notification of Government of India in the Ministry of Finance (Department of Revenue), No. 19/2000-Customs (N.T.), dated the 1st March,2000.
2 The quantum of imports, during the period from the 1st day of April, 2006 to the date of issue of this notification, shall be included for the purposes of computing the aggregate quantity of imports into India, for the financial year 2006-07.

{F.No. 354/77/1998-TRU(Pt.I}

 

S. Bajaj
Under Secretary to the Government of India