Exemption to Components for Earth-Moving Machinery etc. - 159/91 - Customs -Tariff

Exemption to Components for Earth-Moving Machinery etc. Notification No. 159/91-Cus. Dated 16-12-1991 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 components required for the manufacture of power transmission system, for earth-moving machinery, fork lift trucks and locomotives, when imported into India, from so much of that portion of the duty of customs leviable thereon which is specified in the First Schedule of 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, subject to the following conditions, namely :- 1. the exemption contained in this notification shall be applicable only to those components which are covered by the lists thereof, certified by an officer not below the rank of an Industrial Advisor or an Additional Advisor in the Directorate General of Technical Development in the Ministry of Industry, to be required for the purpose specified above; 2. the importer produces a certificate issued by an officer not below the rank of an Industrial Advisor or an Additional Industrial Advisor in the Directorate General of Technical Development in the Ministry of Industry, to the effect that the importer is under a programme duly approved by the Ministry of Industry for the manufacture of power transmission system for earth-moving machinery, fork lift trucks and locomotives; and 3. the importer shall, within such period as the Assistant Collector of Customs may specify in this behalf, produce a certificate issued by an Industrial Advisor or an Additional Industrial Advisor in the said Directorate, to the effect that the said components have been used for the purpose specified above.