Exemption to plant/machinery, etc., imported by R.B.I., for a new Note Press - 187/94 - Customs -Tariff

Exemption to plant/machinery, etc., imported by R.B.I., for a new Note Press Notification No. 187/94-Cus. Dated 10-11-1994 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 plant, machinery, equipments, special tools, tackles, spares including insurance spares, consumables and the security surveillance systems falling under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported by or on behalf of the Reserve Bank of India for the setting up of new note press projects at Salboni in West Bengal and at Mysore in Karnataka, from - (a) the whole of the duty of customs leviable thereon, as specified under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975); and (b) the whole of the additional duty leviable thereon under section 3 of the Customs Tariff Act, 1975 (51 of 1975).