Specified goods falling under Chapters 85 and 90 - 268/86 - Customs -Tariff

Specified goods falling under Chapters 85 and 90 Notification No. 268/86-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 exempts the goods specified in column (3) of the Table hereto annexed and falling within Chapter No. of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), specified in the corresponding entry in column (2) of the said Table, when imported into India for the manufacture of X-ray image intensifier system from so much of that portion of the duty of customs leviable thereon which is specified in the said First Schedule to the second mentioned Act, as is in excess of 40% ad valorem : Provided that the importer furnishes an undertaking to the effect that— (a) the said imported goods shall be used for the purpose specified above; and (b) he shall pay, on demand, in the event of his failure to comply with (a) above, an amount equal to the difference between the duty leviable on such quantity of the said imported goods but for the exemption contained herein, and that already paid at the time of importation. TABLE Sl. No. Chapter No. of the First Schedule to the Customs Tariff Act, 1975 Description of goods (1) (2) (3) 1. Chapter 85 X-ray image intensifier tube 2. Chapter 85 X-ray image Distributor optics 3. Chapter 90 50 mm 0.95 high speed lens