Amends Notification No. 210/82-Cus. - 235/87 - Customs -Tariff

Amends Notification No. 210/82-Cus. Notification No. 235/87-Cus. Dated 5-6-1987 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 makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 210/82-Customs, dated the 10th September, 1982, namely :- In the said notification; (1) in the first paragraph, in the opening portion after the words "projects", the following shall be inserted, namely :- "or for replenishment of raw materials and components used in the manufacture of such goods already supplied,"; (2) after condition (4), the following condition shall be inserted, namely :- "(5) that such raw materials and components are utilised for the manufacture of goods which are supplied to International Bank for Reconstruction and Development or International Develop ment Authority or Bilateral or Multilateral, aided projects, and that no portion thereof shall be sold, loaned, transferred or disposed of in any other manner" (3) after paragraph 1, the following paragraphs shall be inserted, namely :- "1A. Notwithstanding anything contained in conditions (1) to (5) of paragraph 1 of this notification, - (a) in a case where the goods in respect of which the said raw materials or components have been imported are already supplied as required under this notification, the importer may use such raw materials or components for the manufacture of any other goods; and (b) in a case where the importer cannot use the said raw materials or components for the manufacture of any other goods also as required under clause (a) of this paragraph, then, with the previous approval of the authority competent to grant the import licence referred to in this notification, being the authority not below the rank of the Chief Controller of Imports and Exports, the importer may transfer such raw materials or compo nents to any actual user, subject to such terms and conditions as the said authority may specify. "IB. The exemption under this notification shall also be available to the said raw materials and components imported under an Open General Licence issued under Section 3 of the Imports and Exports (Control) Act, 1947 (18 of 1947), if at the time of clearance of such raw materials or components for home consum ption, the import licence required under this notification is produced by the importer."