Components/Sub-components of Fuel Injection equipment and machinery, tools or instruments - Exemption - 82/96 - Customs -Tariff

Rescinded vide Notification No. 21/97-Cus dated 1-3-1997 Components/Sub-components of Fuel Injection equipment and machinery, tools or instruments - Exemption Notification No. 82/96-Cus. Dated 24-10-1996 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 column (2) of the Table hereto annexed and falling within the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India for the purposes specified in the corresponding entry in column (3) of the said Table from so much of the duty of customs leviable thereon which is specified in the said First Schedule as is in excess of the amount calculated at the rate of 20% ad valorem , subject to the following conditions, namely :- At the time of importation the importer furnishes an undertaking to the Assistant Commissioner of Customs to the effect that - (a) in respect of goods specified against S. Nos. 1 to 4 in column (2) of the said Table, the same shall be used for the purpose specified in the corresponding entry in column (3) of the said Table; (b) in respect of goods specified against S. No. 4 in column (2) of the said Table, the same shall not be sold or disposed of in any manner for a period of atleast two years from the date of importation thereof; (c) in the case of goods specified against S. Nos. 1, 2 and 3 in column (2) of the said Table, the importer shall, within such period as the Assistant Commissioner of Customs may specify in this behalf, produce a certificate from the Assistant Commissioner of Central Excise, in whose jurisdiction the factory manufacturing fuel injection equipment is situated, to the effect that the said goods have been used for the purpose specified in the corresponding entry in column (3) of the said Table; and (d) In the case of goods specified against S. No. 4, in column (2) of the said Table, the importer shall, within such period as the Assistant Commissioner of Customs may specify in this behalf, produce a certificate from the Assistant Commissioner of Central Excise, in whose jurisdiction the factory manufacturing fuel injection equipment is situated, to the effect that the said goods have been installed in the importer's own factory for the manufacture of fuel injection equipment. TABLE S.No. Description of goods Purpose (1) (2) (3) 1. Components of Fuel injection equipment (including components of fuel injection equipment in semi-knocked down packs and completely knocked down packs). For the manufacture of Fuel injection equipment. 2. Components of Fuel injection equipment. For providing warranty coverage or after sales service (whether free of cost or at a price) to his customers by the manufacturer of Fuel injection equipment. 3. Sub-components (other than raw materials). For manufacture of components of fuel injection equipment. 4. Machinery, tools or instruments falling under Chapters 82, 84, 85 and 90 of the said First Schedule. For manufacture of fuel injection equipment. 2. This notification shall be in force upto and inclusive of the 31st day of March, 1997.