Raw materials and components for manufacture of capital goods to be supplied to fertilizer plants - 134/91 - Customs -Tariff

Raw materials and components for manufacture of capital goods to be supplied to fertilizer plants Notification No. 134/91-Cus. Dated 24-9-1991 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 raw materials and components required for the manufacture of capital goods to be supplied to the fertilizer plants as specified in paragraph 206(ii) of Import Export Policy when imported into India, from the whole of the duty of customs leviable thereon, which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and whole of the additional duty leviable thereon under Section 3 of the second mentioned Act, subject to the following conditions, namely :- (1) that the importer has been granted necessary import licence or release order on the concerned canalising agency by the licensing authority as specified in the Import (Control) Order, 1955, for the import or release of raw materials and components for the aforesaid purpose; (2) that the import licence contains the following endorsements inter alia :- (a) the description, quality and value of raw materials and components allowed to be imported under the said licence; (b) the description and quantity of raw materials and components allowed to be imported; and (c) the description and quantity of goods to be manufactured out of, or with, the imported materials; (3) that the importer executes a bond in such form and for such sum as may be specified by the said licensing authority binding himself to fulfil the obligations and conditions stipulated in this notification and to pay on demand, an amount equal to the difference between the duty leviable on the said raw materials and components but for the exemption contained herein as are not proved to the satisfaction of the said licensing authority to have been used for the aforesaid purpose; (4) that the importer produces evidence to the satisfaction of the said licensing authority, for the purpose of discharging the liability in respect of customs duty as well as for discharging the obligations against the said licence. Explanation : For the purpose of this notification, the expression "Import and Export Policy" means Import and Export Policy, April, 1990 - March, 1993 published vide public notice of the Government of India in the Ministry of Commerce No. 1-ITC(P.N.) 90-93, dated the 30th March, 1990 as amended from time to time.