Imported capital goods on export - Procedure - 007/87 - Customs -Tariff

Imported capital goods on export - Procedure Notification No. 7/87 Dated 6-1-1987 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. 13/81-Customs, dated the 9th February, 1981, namely :- In the said notification in the opening paragraph, in condition (6), after the second proviso, the following proviso shall be inserted, namely :- "Provided also that rags, trimmings and tailor cuttings arising in the course of manufacture of readymade garments, when cleared from such hundred percent export oriented undertakings, shall be exempt from payment of duty leviable on such rags, trimmings and tailor cuttings provided that the percentage of waste material in the form of rags, trimmings and tailor cuttings does not exceed the percentage fixed in this regard by the said Board."