[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No.04 /2015 - Customs
New Delhi, the 16th February, 2015
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, being satisfied that it is necessary in the public interest so to do, hereby exempts Urea, falling under tariff
item 3102 10 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs
Tariff Act) when imported into India under the Urea Off-take Agreement (hereinafter referred to as UOTA) dated 29th May,
2002, as amended from time to time, between the Government of India and Oman-India Fertilizer Company S.A.O.C., from so
much of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, and from the so
much of the additional duty leviable thereon under sub-section (1) of section 3 of the Customs Tariff Act, as is in excess of the
amount calculated on the declared value of Urea as agreed under the UOTA, subject to the condition that the importer shall
produce, prior to clearance of the said goods, before the Assistant Commissioner of Customs or Deputy Commissioner of
Customs having jurisdiction, as the case may be, a certificate from an officer not below the rank of Under Secretary to the
Government of India in the Department of Fertilizer to the effect that such declared value is in terms of agreed price under
UOTA..
[F.No.354/355/2014 -TRU]
(Akshay Joshi)
Under Secretary to the Government of India