Exemption to diffused wafers, discs or chips for electronic industry - 083/87 - Customs -Tariff

Exemption to diffused wafers, discs or chips for electronic industry Notification No. 83/87-Cus. Dated 1-3-1987 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 satis fied that it is necessary in the public interest so to do, hereby exempts (Silicon, in the form of diffused wafers, discs or chips, falling under Chapter 38 or Chapter 85) of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India for the purpose of manufacture of (semi-conductor devices,) 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 thirty-five per cent ad valorem; and (b) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, subject to the conditions, namely :- (1) an officer not below the rank of a 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 or a Joint Director in the Directorate of Industries of the Government of a State, as the case may be, is satisfied that the goods in question are required for the purpose specified above and recommends grant of the above exemption : Provided that this condition shall not apply in the case of goods imported against supplementary import licences; 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 imported goods shall be used for the purpose specified above; and (ii) the importer 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 imported goods but for the exemption contained herein and that already paid at the time of importation.