144

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART II—SEC. 3(i)l

MINISTRY OF FINANCE

(Depannent of Revenue)

NOTIFICATIONS

New Delhi, the 9th February, 1981

CUSTOMS

G.S.R. 52(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

goods specified in the Table below (hereinafter referred to

as the goods), when imported into India for the purpose of

manufacture of articles for export out of India by hundred

percent export-oriented undertakings approval by the Board

of Approval for Hundred Percent Export-Oriented Under-

takings appointed by the notification of the Government of

India in the former Ministry of Industry and Civil-Supplies

(Department of Industrial Development) No. S.O. 163(E)/

RLI/U/10(2) /76 dated the 3rd March^ 1976, from

the

whole of the duty of customs leviable thereon under the First

Schedule to the Customs Tariff Act, 1975 (51 of 1975) and

the additional duty, if any. leviable thereon under section 3

of the second mentioned Act, subject to the following con-

ditions, namely :—

(1) the importer has been granted necessary licence for

the import of the goods for the said purpose ;

(2) the importer carries out the manufacturing opera-

tions in customs bond and subject to such other

conditions as may be specified by the Assistant

Collector of Customs in this behalf ;

(3) the importer exports out of India hundred percent

or such other perpentage, as may be fixed by the

said Board, of articles manufactured wholly

partly from the goods for the period stipulated by

the Board or such extended period as may be

specified by the said Board ;

(4) on the clearance of five per cent of articles

manufactured or such other percentage as may be

fixed by the said Board for being sold in India,

the importer shall pay a sum equivalent to the

duty payable, but for this exemption, on imported

raw materials or components or both used in the

manufacture of such articles which have not been

exported being in the nature of rejects;

(5) on the expiry of the period referred to in condition

(3), the importer shall pay the following duties

namely :—

(a) customs duty on capital goods on depreciated

value but at rates prevalent at the time of im-

port ; and

(b) customs duty on unused imported raw materials or

components on the value at the time of import

and at rates in force at the time of clearance.

(6) the importer executes a bond in such form and for

such sum and with such authority as may be pres-

cribed by the Assistant Collector of Customs bind-

ing himself

to fulfil

the export obligations and

conditions stipulated in this notification and

pay, on demand, an amount equal to the duty

leviable on the goods as are not proved to the

satisfaction of the Assistant Collector of Customs to

have been used in the manufacture of articles for

export.

TABLE

SI. No.

Description of Goods

Capital goods

Raw materials.

Components.

fNo. 13/F. No. 370/30/80-Cus. 1]

G.S.R. 53(E).—In exercise of the powers conferred by

sub-section (1) of section 25 of the Customs Act, 1962 (52

1962) read with sub-section (4) of

section

4 of

the

Finance Act, 1980 (13 of 1980), 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 in the Ministry of

Finance (Department of Revenue) No. 41-Customs, dated

the 25th March, 1980, namely :—

In the Schedule annexed to the

said notification

after

Serial No. 271 and the entries relating thereto, the following

shall be inserted, namely :—

,^; *"

"272. No, 13-Customs. dated the 9th February, 1981".

[No. 14/F. No. 370/30/80-Cus. I]

K. CHANDRAMOULI, Under Secy.

PRINTED B* THE MANAGER, GOVT. OF INDIA PRESS, RING ROAD, NEW DELHI-110C64

AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI-110054,

1981