Cus Ntf No.70/1997 date 16-9-1997

EPCG Scheme [Zero Duty Scheme] 1992-97 CVD @ 10% levied
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India, Ministry of Finance (Department of Revenue) No. 111/95-Customs, dated 5th June, 1995 namely:-

In the said notification, in the opening part, for the words and figures,""whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, subject to the following conditions, namely:-", the following shall be substituted, namely:-

"so much of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, as is in excess of the amount calculated at the rate of 10% of the value of goods:

Provided that where the said goods are required for the manufacture of leather garments, textile garments (including knitwears), agro products and products of horticulture and floriculture, such goods shall be exempt from the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act.

2. The exemption contained in paragraph 1, shall be subject to the following conditions, namely:-

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