Components for trolley buses and tow tractors - 294/86 - Customs -Tariff

Components for trolley buses and tow tractors Notification No. 294/86-Cus. Dated 28-4-1986 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 amendment in the notification of the Government of India, in the Ministry of Finance, Department of Revenue, No. 7-Customs, dated the 16th January, 1985, namely :— In the said notification, for condition (iii), the following condition shall be substituted, namely :— "(iii) the importer shall furnish an undertaking to the effect that— (a) the said components or the goods shall be used for the purpose specified above ; (b) an account of the said components or the goods received and consumed in the place of manufacture for the aforesaid purpose shall be maintained in the manner specified by the Assistant Collector of Customs ; (c) he shall produce the extract of such account duly certified by the manufacturer evidencing receipt of the said components or the goods in the premises of the place of manufacture within a period of 3 months or such extended period as the Assistant Collector of Customs may allow ; and (d) he shall pay, on demand, in the event of his failure to comply with (a), (b) or (c) above, an amount equal to the difference between the duty leviable on such quantities of the said imported components or the goods but for the exemption contained herein and that already paid at the time of importation.".