Machine tools - Parts thereof [Chapter 84] - 087/92 - Customs -Tariff

Machine tools - Parts thereof [Chapter 84] Notification No. 87/92-Cus. Dated 1-3-1992 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 parts required for the purpose of initial setting up, or for the assembly or manufacture, of any article falling under heading Nos. 84.56 to 84.66 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 setting up, assembly or manufacture, from - (a) 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 15 per cent ad valorem; and (b) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, subject to the following conditions, namely :- (1) the authorities mentioned below are satisfied and certify in each case that the parts (specifying their description and quantity) in respect of which the exemption under this notification is claimed are, or will be, required for the purpose specified above and also recommend the grant of the above exemption :- (i) the Industrial Advisor or Additional Industrial Advisor in the Directorate General of Technical Development of the Government of India in the Ministry of Industry; (ii) the Director of Industries or the Commissioner of Industries of the State concerned, in the case of firms which are classified as falling in the small scale sector; (iii) the General Manager or Deputy General Manager, as the case may be, of the concerned unit, in the case of Heavy Engineering Corporation Limited; and (iv) the General Manager of the concerned unit of H.M.T. Limited; (2) the importer furnishes an undertaking to the effect that - (a) the said imported parts shall be used for the purposes specified above; (b) the account of the said imported parts received and consumed in the place of manufacture for the aforesaid purposes shall be maintained in the manner specified by the Assistant Collector of Customs; (c) he shall produce the extract of such account duly certified by the manufacturer evidencing receipt of the said components in the premises of the place of manufacture within a period of three months or such extended period as the Assistant Collector may allow; and (d) he shall pay, on demand, in the event of his failure to comply with (a), (b) or (c) above an amount equal to the difference between the duty leviable on such quantity of the said imported goods but for the ex emption contained herein and that already paid at the time of importation : Provided that nothing contained in this notification shall apply in respect of CNC systems and components of such systems.