Exemption to polypropylene master batch [Chapter 32] - 238/89 - Customs -Tariff

Exemption to polypropylene master batch [Chapter 32] Notification No. 238/89-Cus. Dated 18-9-1989 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 concentrated dispersions of colouring matter in polypropylene, (Polypropylene Master Batch), falling within Chapter 32 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), (hereinafter referred to as the goods) when imported into India, by a manufacturer of polypropylene multi-filament yarn for the manufacture of polypropylene multi-filament yarn, from 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 70 per cent ad valoram subject to the following conditions, namely :- (i) the importer shall, within such period as the Assistant Collector of Customs may specify in this behalf, produce a certificate from the Assistant Collector of Central Excise in whose jurisdiction the factory of the said manufacturer is situated to the effect that the goods have been used in the manufacture of polypropylene multi-filament yarn; and (ii) the importer executes a bond in such form and for such sum as may be specified by the said Assistant Collector of Customs, binding himself to pay on demand, in respect of the goods as are not proved to the satisfaction of Assistant Collector of Customs to have been used for the aforesaid purpose, an amount equal to the difference between the duty leviable on the goods but for the exemption contained herein and that already paid at the time of importation.