Component parts of machinery imported for initial setting up etc. - 194/86 - Customs -Tariff

Component parts of machinery imported for initial setting up etc. Notification No. 194/86-Cus. Dated 1-3-1986 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sub-clause (4) of clause 49 of the Finance Bill, 1986, which clause has by virtue of the declaration made in the said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of 1931), the force of law, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts parts falling within Chapters 84 and 85 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), required for the purpose of initial setting up, or for the assembly or manufacture, of any article specified in the Table annexed hereto when imported into India and proved to the satisfaction of the Assistant Collector of Customs, to be so required for such setting up, assembly or manufacture, from so much of the auxiliary duty of customs leviable thereon under sub-clause (1) of clause 49 of the said Finance Bill, as is in excess of the amount calculated at the rate of auxiliary duty of customs leviable under the said Finance Bill, read with any relevant notification for the time being in force, on the said article when imported complete, subject to the conditions specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 155/86-Customs, dated the 1st March, 1986. TABLE Articles falling under the following heading Nos. and sub-heading Nos. of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), namely :— (1) 84.01 to 84.08 (2) 84.10 to 84.13 (3) 84.14 (excluding 8414.51) (4) 84.16 (5) 84.18 (excluding heat purp and domestic refrigerators) (6) 84.19 (excluding machinery and equipment for use in air-conditioning) (7) 84.20 to 84.26 (8) 84.28 to 84.30 (9) 84.32 to 84.46 (10) 84.47 and 84.48 (excluding domestic knitting machines and auxiliary machinery for use in the domestic knitting machines) (11) 84.49 to 84.51 (12) 84.52 (excluding Sewing Machines of the household type) (13) 84.53 to 84.65 (14) 84.67 and 84.68 (15) 84.74 to 84.79 (16) 85.01 and 85.02 (17) 85.04 (18) 85.08 to 85.10 (19) 85.15 to 85.17 (20) 85.43