Exemption to polyurethane films and foils imported for manufacture of finished leather - 169/88 - Customs -Tariff

Exemption to polyurethane films and foils imported for manufacture of finished leather Notification No. 169/88-Cus. Dated 13-5-1988 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 notifi cation of the Government of India in the Ministry of Finance (Department of Revenue) No. 54/87-Customs, dated the 1st March, 1987, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts polyurethane films and polyurethane foils, of thickness 0.3 millimetre and above but not above 0.7 millimetres (hereinafter referred to as the said imported goods), falling under heading No. 39.21 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India for the purpose of manufacture of finished leather, from - (a) 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 40 per cent ad valorem; and (b) so much of the additional duty of customs, which is leviable thereon under section 3 of the said Customs Tariff Act, as is in excess of 40 per cent ad valorem : Provided that the importer, at the time of importation furnishes an undertaking to the Assistant Collector of Customs, to the effect that - (a) the said imported goods shall be used for the purpose specified above; (b) an account of the said imported goods received and consumed in the place of manufacture for the aforesaid 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 imported goods 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 the requirement of items (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, 1989.