Capital goods, components and spares thereof etc. imported under EPCG scheme - Amendment to Notification No. 29/97-Cus. - 74/98 - Customs -Tariff

Capital goods, components and spares thereof etc. imported under EPCG scheme - Amendment to Notification No. 29/97-Cus. Notification No. 74/98-Cus. Dated 9-10-1998 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 amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 29/97-Customs, dated the 1st April, 1997, namely :- In the said notification, - (i) in paragraph 2, - (a) in condition (2), in the second proviso, for the words "poultry, sericulture and bio-tech sectors", the words "poultry, sericulture, bio-tech and engineering sectors" shall be substituted; (b) in condition (5), in the first proviso, for the words, "poultry, sericulture and bio-tech sectors", the words, "poultry, sericulture, bio-tech and engineering sectors" shall be substituted; (ii) in the Explanation, after clause (5), the following clause shall be added, namely :- `(6) "product", for the purpose of engineering sector, means, - (a) machine tools, parts and accessories thereof, (b) automotive components and accessories, (c) bicycle parts and accessories, (d) hand tools, cutting tools and small tools, (e) castings and forgings (ferrous and non-ferrous), all sorts, (f) pumps, electric motors and parts thereof, (g) fasteners, all types (ferrous and non-ferrous), (h) bright bars and shafting, (i) scientific and surgical instruments.'