Exemption to components for manufacture of power transmission system for earth-moving machinery - 455/86 - Customs -Tariff

Exemption to components for manufacture of power transmission system for earth-moving machinery Notification No. 455/86-Cus. Dated 5-11-1986 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 components required for the manufacture of power transmission system for earth-moving machinery, when imported into India, from so much of that portion of duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), as is in excess of the amount calculated at the rate of 40 per cent ad valorem, subject to the following conditions, namely :- (1) the exemption contained in this notification shall be applicable only to those components which are covered by the lists thereof, certified both by an officer not below the rank of an Industrial Adviser or an Additional Industrial Adviser in the Directorate General of Technical Development in the Ministry of Industry and by an officer not below the rank of a Director to the Government of India in the Ministry of Industry (Department of Industrial Development), to be required for the manufacture of power transmission system for earth-moving machinery; (2) the importer produces a certificate issued both by an officer not below the rank of an Industrial Adviser or an Additional Industrial Adviser in the Directorate General of Technical Development in the Ministry of Industry and by an officer not below the rank of a Director to the Government of India in the Ministry of Industry (Department of Industrial Development), to the effect that the said components are being imported by such importer under a programme duly approved by the Ministry of Industry for the manufacture of power transmission system for earth-moving machinery; and (3) the importer shall, within such period as the Assistant Collector of Customs may specify in this behalf, produce a certificate issued both by an Industrial Adviser or an Additional Industrial Adviser in the said Directorate General of Technical Development and by an officer not below the rank of a Director to the Government of India in the Ministry of Industry (Department of Industrial Development), to the effect that the said components have been used in the manufacture of the power transmission system for earth-moving machinery under the said approved programme. 2. This notification shall be in force upto and inclusive of the 31st day of October, 1987.