Sub-assemblies and modules for manufacture of Telecommunication equipments - 119/93 - Customs -Tariff

Sub-assemblies and modules for manufacture of Telecommunication equipments Notification No. 119/93-Cus. Dated 4-5-1993 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 sub-assemblies and modules imported for manufacture of Telecommunication equipments specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 59/88-Customs, dated the 1st March, 1988, from so much of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), as is in excess of the amount calculated at the rate of 60 per cent ad valorem, subject to the following conditions, namely :- (1) the importer at the time of import produces, in each case, a certificate from an officer not below the rank of a Director in the Department of Telecommunications of the Government of India to the effect that :- (a) the imported goods are sub-assemblies and modules; (b) the said goods are required for manufacture of telecommu-nication equipments specified in the said notification No. 59/88-Customs, dated the 1st March, 1988, along with the description of such equipments; and (c) the grant of exemption under this notification is recommended. (2) the importer also furnishes an undertaking to the Assistant Collector of Customs at the time of importation, to the effect that - (a) the said sub-assemblies and modules shall be used for the purpose specified above; and (b) he shall pay on demand, in the event of his failure to comply with (a) above, an amount equal to the difference between the duty leviable on the said sub-assemblies and modules, but for the exemption contained herein and that already paid at the time of importation.