Amendment to Notification No. 262/86-Cus. [Ch. 85] - 241/88 - Customs -Tariff

Amendment to Notification No. 262/86-Cus. [ Ch. 85] Notification No. 241/88-Cus. Dated 1-9-1988 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 makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 262/86-Customs, dated the 24th April, 1986, namely :- In the said notification, after the proviso, the following proviso shall be inserted, namely :- "Provided further that in case of video cassettes and video tapes imported for the Teleteach/Margdarshan programme, the Managing Director of M/s. Electronic Trade and Technology Development Corporation Limited certifies that the said cassettes and tapes are pre-dominantly educational in character and the importer furnishes an undertaking to the effect that - (i) the certificate from the Central Board of Film Certification shall be produced within a period of three months or such extended period as the Assistant Collector of Customs, may allow; and (ii) he shall pay, on demand, in the event of his failure to comply with (i) above, an amount equal to the difference between the duty leviable on such quantity of the said video cassettes and video tapes but for the exemption contained herein and that already paid at the time of importation.".