Exemption to synthetic tracks and artificial surfaces - 109/94 - Customs -Tariff

Exemption to synthetic tracks and artificial surfaces Notification No. 109/94-Cus. Dated 12-4-1994 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 285/87-Customs, dated 7th August, 1987, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts synthetic tracks and artificial surfaces, falling under heading No. 95.06 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), and the equipments required for their installation, when imported into India, under the "Scheme for Laying Synthetic Tracks and Artificial Surfaces" of the Department of Youth Affairs and Sports, Government of India, from - (a) the whole of the duty of customs which is specified in the said First Schedule; and (b) the whole of the additional duty of customs leviable thereon under section 3 of the said Customs Tariff Act, subject to the condition that the importer at the time of import, produces before the Assistant Collector of Customs - (i) a certificate from an officer not below the rank of a Deputy Secretary in the Department of Youth Affairs and Sports, Government of India, to the effect that the import of the said synthetic tracks and artificial surfaces are under the said "Scheme for Laying Synthetic Tracks and Artificial Surfaces" and also recommending the grant of exemption under this notification; and (ii) gives an undertaking to the effect that the equipments imported for installation of the said synthetic tracks and artificial surfaces shall be re-exported within a period of six months from the date of importation and in the event of failure to comply with the same, he shall pay on demand an amount equal to the duty leviable on such goods but for the exemption contained herein.