Exemption to Specified Goods Required for Newspaper Establishments [Ch. 85] - 155/91 - Customs -Tariff

Exemption to Specified Goods Required for Newspaper Establishments [ Ch. 85] Notification No. 155/91-Cus. Dated 5-12-1991 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 the goods specified in column (2) of the Table below; and falling within Chapter 85 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India by a newspaper establishment registered with the Registrar of Newspapers for India appointed under section 19A of the Press and Registration of Books Act, 1867 (25 of 1867), from - (i) 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 10% ad valorem; and (ii) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, 1975 (51 of 1975); subject to the condition that the importer at the time of import produces before the Assistant Collector of Customs - (1) a certificate issued by the Registrar of Newspapers for India recommending the grant of exemption under this notification; and (2) an undertaking to the effect that the said goods shall remain in his possession, control and use and shall not be sold or parted with for a period of five years from the date of importation and in case the said goods are sold thereafter, the sale shall be subject to the permission granted from the Registrar of Newspapers for India. TABLE S. No. Description of goods (1) (2) 1. Newspaper page transmission and reception fascimile system 2. Telephone transmission and reception system