Exemption to specified parts falling within Chapter 84 or 85 for manufacture of specified goods - 349/86 - Customs -Tariff

Exemption to specified parts falling within Chapter 84 or 85 for manufacture of specified goods Notification No. 349/86-Cus. Dated 16-6-1986 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 the parts (other than parts containing thermionic valves or transisters or other semiconductor devices or light emitting diodes or electronic thermocircuits or capacitors (Other than paper capacitors)] of the goods specified in the Table hereto annexed and falling within Chapter 84 or Chapter 85 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) when imported into India for the purpose of manufacture of the said goods and proved to the satisfaction of the Assistant Collector of Customs to be so required for such manufacture 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 5 per cent ad valorem ; and (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) an officer not lower in rank than a Joint Director in the Department of Electronics of the Government of India is satisfied that the goods in question are required for the purpose specified above and certifies to this effect and recommends grant of above exemption; (ii) the importer shall, by the execution of a bond in such form and for such sum as may be specified by the Assistant collector of Customs, bind himself, to pay, on demand, in respect of such goods as are not proved to the satisfaction of the Assistant collector of Customs to have been used for the purpose of such manufacture, an amount equal to the difference between the duty leviable on such goods but for the exemption contained herein and that already paid at the time of importation. S. No. Description of goods (i) Line printers (ii) Serial printers (including Dot Matrix Printers and Daisy Wheel printers) (iii) Teletype terminals (iv) Graphic terminals (v) Paper taperecorders (vi) Card readers (vii) Magnetic tape cassette/cartridge drives or controllers (viii) Floppy disk drives or controllers (ix) Plotters (x) Printer plotters (xi) Magnetic disk drives or controllers (xii) Paper tape punches (xiii) Card punches (xiv) Digitizers (xv) Computer key boards