Exemption to denatured ethyl alcohol imported for industrial purpose - 046/87 - Customs -Tariff

Exemption to denatured ethyl alcohol imported for industrial purpose Notification No. 46/87-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 satisfied that it is necessary in the public interest so to do, hereby exempt denatured ethyl alcohol of 94.68% V/V minimum strength, falling under sub-heading No. 2207.20 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India for use exclusively for industrial purposes, 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 per cent ad valorem; and (b) the whole of the additional duty leviable thereon under section 3 of the second mentioned Act, subject to the following conditions, namely:- (i) the importer produces in each case a certificate from an officer not lower in rank than a Deputy Secretary to the Government of India in the Ministry of Industry (Department of Chemicals and Petrochemicals) to the effect that he is satisfied that the imported denatured ethyl alcohol is required for the purposes pecifieds. above and that he recommends grant of the above exemption; (ii) the importer furnishes an undertaking 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 place of manufacture of the aforesaid purpose shall be main tained 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 three 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 (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 ; (iii) the importer produces evidence to the Assistant Collector of Cus toms that the said ethyl alcohol has been denatured according to methods or standards acceptable to the Assistant Collector of Customs. 2. This notification shall be in force upto and inclusive of the 29th day of February, 1988.