Exemption to Scientific and Technical instruments etc. imported by Hindustan Aeronautics Limited - 265/87 - Customs -Tariff

Exemption to Scientific and Technical instruments etc. imported by Hindustan Aeronautics Limited Notification No. 265/87-Cus. Dated 3-7-1987 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 goods, namely, scientific and technical instruments, apparatus and equipments, including spare parts and component parts thereof, but excluding consumable items required therefore, imported into India by M/s. Hindustan Aeronautics Limited for the research purposes connected with defence projects, from so much of that portion of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as is in excess of the amount calculated at the rate of 25% ad valorem; and from the whole of the additional duty of customs leviable thereon under section 3 of the said Customs Tariff Act, subject to the following conditions, namely :- (a) that an officer not below the rank of a Joint Secretary in the Department of Defence Production, Ministry of Defence, certifies in each case that the import of the goods in respect of which exemption is claimed under this notification, is essential for the said research purposes and that such imported goods shall be used only for the said research purposes, and such certificate is produced by the importer to the Assistant Collector of Customs at the time of clearance; and (b) that a duly authorised officer of the Directorate General of Technical Development certifies in each case that the goods in respect of which the exemption is claimed under this notification are such as are not manufactured in India, and such certificate is produced by the importer to the Assistant Collector of Customs at the time of clearance or within such period as the Assistant Collector of Customs may, on sufficient cause being shown, allow in each case.