Air-Conditioned Cars and Coaches Imported by Specified Importers - 283/92 - Customs -Tariff

Air-Conditioned Cars and Coaches Imported by Specified Importers Notification No. 283/92-Cus. Dated 1-10-1992 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 air-conditioned cars and air-conditioned coaches (hereinafter referred to as specified goods) falling under the Schedule to the Customs Tariff Act, 1975, when imported into India by specified importers, from - (a) so much of that portion 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 50% ad valorem, and (b) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act. Provided that the CIF value of specified goods imported under this notification does not exceed US$ 35,000 and US$ 1,00,000 per unit for air-conditioned car and air-conditioned coaches respectively: Provided further that the specified importer at the time of import, produces before the Assistant Collector of Customs - (a) a certificate from the Director General of Tourism in the Ministry of Tourism of the Government of India (hereinafter referred to as the said Director General), to the effect that the specified goods are required for development of tourism in the country. (b) a recommendation from the said Director General for the grant of exemption under this notification indicating the quantity of specified goods allowed for import; Provided also that the exemption contained in this notification shall be applicable only to such quantity of specified goods as recommended by the said Director General: Provided also that the customs duty payable under this notification shall be paid in convertible foreign currency. 2, This notification shall be in force upto and inclusive of the 31st March, 1993. Explanation. - For the purposes of this notification, "specified importer" means a State Tourism Corporation, classified Hotel Tour Operator and a Travel Agency, approved by Director General of Tourism in the Ministry of Tourism, Government of India.