Exemption to whole of additional duty on non-electronic parts required for the manufacture of goods covered by notification No. 59/88 above - 060/88 - Customs -Tariff

Exemption to whole of additional duty on non-electronic parts required for the manufacture of goods covered by notification No. 59/88 above Notification No. 60/88-Cus. Dated 1-3-1988 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 exempts the components falling within Chapter 84, 85, 90 or 98 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (other than parts containing thermionic valves or transistor or other semi-conductor devices or light emitting diodes or electronic micro-circuits or capacitors) required for the manufacture of goods covered by the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 59/88-Customs, dated the 1st March, 1988, when imported into India, 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 35 percent ad valorem; and (b) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, subject to the following conditions, namely :- (1) the exemption contained in this notification shall be applicable only to those components which are certified by an officer not below the rank of the Joint Director in the Department of Electronics of the Government of India or an Additional Industrial Adviser in the Directorate General of technical Development of the Government of India, to the effect that the said components are required for the aforesaid purposes; and (2) the importer furnishes an undertaking to the Assistant Collector of Customs at the time of importation, to the effect that - (i) the said components shall be used for the purpose specified above ; 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 the said components, but for the exemption contained herein and that already paid at the time of importation.