Re-import of goods for repairs - Exempted - 098/95 - Customs -Tariff

Superseded vide Notification No. 158/95-Customs dated 14-11-1995 Re-import of goods for repairs - Exempted Notification No. 98/95-Cus. Dated 26-5-1995 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 manufactured in India and parts of such goods whether of Indian or foreign manufacture, and re-imported into India for repairs from the whole of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and from the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act : Provided that :- (a) such importation takes place within three years from the date of exportation; (b) the goods are re-exported after repairs within six months of the importation or such extended period not exceeding one year as the Commissioner of Customs may allow; and (c) the Assistant Commissioner of Customs is satisfied as regards the identity of the goods : Provided further that the importer executes a bond undertaking - (a) to re-export the goods after repairs within six months of the importation or such extended period as the Commissioner of Customs may allow; (b) to produce the goods before the Assistant Commissioner of Customs for identification before re-export; and (c) to pay the duty if the re-export does not take place within the stipulated period.