Effective rate for parts required for manufacture of medical equipment falling under Chapter 90 - 83/94 - Customs -Tariff

Effective rate for parts required for manufacture of medical equipment falling under Chapter 90 Notification No. 83/94-Cus. Dated 1-3-1994 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 parts required for the manufacture of medical equipment falling under heading Nos. 90.18, 90.19, 90.20, 90.21 and sub-heading Nos. 9022.11 and 9022.21 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India and proved to the satisfaction of the Assistant Collector of Customs to be so required for such manufacture, from so much of that portion 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 15% ad valorem, subject to the following conditions namely :- (i) that an officer not lower in rank than a Joint Director in the Department of Electronics of the Government of India or a Joint Director in the Directorate of Industries of a State, is satisfied that the goods in question are required for the purpose specified above and certifies to this effect and recommends grant of the above exemption; (ii) that the importer shall, by the execution of a bond in such form and for such sum as may be specified by the Assistant Collector of Customs, bind himself to pay on demand, in respect of such parts as are not proved to the satisfaction of the Assistant Collector of Customs to have been used for the aforesaid purpose, an amount equal to the difference between the duty leviable on such parts but for the exemption contained herein and that already paid at the time of importation.