Exemption to computer equipments [Heading No. 84.71] - 506/86 - Customs -Tariff

Exemption to computer equipments [Heading No. 84.71] Notification No. 506/86-Cus. Dated 24-12-1986 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 computer equipments falling under Heading No. 84.71 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, 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 60% ad valorem; and (b) the whole of the additional duty leviable thereon under Section 3 of the said Customs Tariff Act, subject to the condition that an officer not lower in rank than a Joint Director in the Department of Electronics of the Government of India is satisfied that the computer equipments are imported under the policy on computer software export, software development announced by the Government of India in the Department of Electronics in 1986, and recommends the grant of the above exemption.