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Exemption to components for Forklift Trucks having a capacity exceeding 10 tonnes - 269/88 - Customs -TariffExtract Exemption to components for Forklift Trucks having a capacity exceeding 10 tonnes Notification No. 269/88-Cus. Dated 29-9-1988 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 216/85-Customs, dated the 3rd July, 1985, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts components required for the manufacture of forklift trucks having a capacity exceeding 10 tonnes, when imported into India, from so much of that portion of the duty of customs as is in excess of the amount calculated at the rate of 45 per cent subject to the following conditions, namely :- (i) the exemption contained herein shall be applicable only to those components required for the manufacture of such forklift trucks, which are covered by lists certified by the Industrial Adviser or the Additional Industrial Adviser of the Directorate General of Technical Development. (ii) the importer shall produce evidence to the Assistant Collector of Customs at the time of clearance of the said components to the effect that they have a programme duly approved by the Department of Industrial Development and the Directorate General of Technical Development for the manufacture of such forklift trucks; and (iii) the importer shall furnish an undertaking to the effect that - (a) the said component parts shall be used for the purpose specified above; (b) an account of the said component parts received and consumed in the place of manufacture for the said purpose shall be maintained in the manner specified by the Assistant Collector of Customs; (c) he shall produce the extract of such account duly certified by the manufacturer evidencing receipt of the said component parts in the premises of the place of manufacture within a period of 3 months or such extended period as the Assistant Collector of Customs may allow; and (d) he shall pay, on demand, in the event of his failure to comply with (a), (b) or (c) above, an amount equal to the difference between the duty leviable on such quantity of the said imported goods, but for the .exemption contained herein and that already paid at the time of importation. 2. This notification shall be in force upto and inclusive of the 31st day of March, 1990.
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