Exemption to recorded magnetic tapes imported for use in computers [Heading No. 85.24] - 216/89 - Customs -Tariff

Exemption to recorded magnetic tapes imported for use in computers [Heading No. 85.24] Notification No. 216/89-Cus. Dated 1-8-1989 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 recorded magnetic tapes falling under the Heading No. 85.24 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India by the University Grants Commission for use in computers, from, - (i) the whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975); and (ii) the whole of the additional duty leviable thereon, under section 3 of the said Customs Tariff Act, subject to the following conditions, namely :- (i) the importer, at the time and place of clearance, produces a certificate from an officer not below the rank of Deputy Secretary in the Ministry of Educa tion, Government of India, to the effect that such magnetic tapes are recorded with educational/or scientific material for use in computers and are required by Institutes/or Research Centres duly approved by the University Grants Commission; (ii) the importer, at the time and place of clearance, gives an undertaking to the Assistant Collector of Customs to the effect that such recorded magnetic tapes shall not be used for any other purpose and such tapes shall not be subsequently recorded with any other material; and (iii) such recorded magnetic tapes shall not be sold or parted with, without the prior permission of the Collector of Customs at the port of importation.