Exemption to machinery and instruments falling within Chapter 84, 85 or 90 - 431/86 - Customs -Tariff

Exemption to machinery and instruments falling within Chapter 84, 85 or 90 Notification No. 431/86-Cus. Dated 19-9-1986 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 machinery and instruments (hereinafter referred to as the said goods) falling within Chapter 84, 85 or 90 of the first Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India by Electronic Trade and Technology Development Corporation Limited for the initial setting up of an industrial plant by an actual user for the manufacture of electronic PABX equipments, 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 25 per cent ad valorem; (b) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act; subject to the following conditions, namely :- (i) the importer on behalf of the actual user produces at the time of clearance of the said goods a certificate from an officer not lower in rank than a Director in the Department of Electronics of the Government of India to the effect that the said goods are required for the purpose specified above and also recommending grant of the above exemption; and (ii) the actual user produces a certificate from an officer not lower in rank than a Director in the Department of Electronics of the Government of India within six months from the date of clearance of the said goods or such extended period as the Assistant Collector of Customs may grant, to the effect that the said goods have actually been used for the purpose specified above.