Specified goods for production of goods for export - 320/86 - Customs -Tariff

Specified goods for production of goods for export Notification No. 320/86-Cus. Dated 15-5-1986 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 makes the following further amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue, No. 263-Customs, dated the 16th August, 1985, namely :— In the said notification, after paragraph 3, the following paragraph shall be inserted, namely : - "3A. Without prejudice to any other provisions contained in this notification, where it is shown to the satisfaction of the Collector of Customs— (a) that any unit in the Zone has been allowed to withdraw from the Zone, or has been permitted to dispose of any capital goods outside the Zone in any other place in India, in accordance with the Import-Export Policy of the Government of India for the time being in force, by the said Madras Export Processing Zone Board; and (b) that the concerned capital goods so permitted have been used within the Zone for a period of not less than three years. The Collector of Customs may allow such capital goods to be taken outside the Zone to any other place in India on payment of an amount equal to the duty leviable on such capital goods on the depreciated value thereof at the time of clearance and at rates in force at the time of their import."