Parts for plants and machinery - 95/86 - Customs -Tariff

Parts for plants and machinery Notification No. 95/86-Cus. Dated 17-2-1986 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 parts (excluding diodes, thermionic valves, transistors, similar semiconductor devices light emitting diodes, electronic microcircuits, capacitors other than paper capacitors or any combination thereof or with other parts) required for the purpose of initial setting up, or for the assembly or manufacture, of any articles specified in column (2) of the Table hereto annexed, and falling under heading No. of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as specified in column (3) of the said Table, 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 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 applicable to the said article when imported complete, subject to the following condition, namely:— (1) Industrial Adviser or Additional Industrial Adviser of the Directorate General of Technical Development of the Ministry of Industry or the General Managers of the concerned unit of Bharat Heavy Electricals Limited, or the Director of Industries of the State concerned certifies that the parts in question are or will be required for the purpose specified above; and (2) 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 parts as are not proved to the satisfaction of the Assistant Collector of Customs to have been used for the aforesaid purpose, an amount equal to the difference between the duty leviable on such parts but for the exemption contained herein and that already paid at the time of importation. TABLE Sl. No. Description of articles Heading No. of the First Schedule to the Customs Tariff Act, 1975 (1) (2) (3) 1. Generators; flame proof motors, variable speed commutator motors, internally geared motors, motors designed for the use in circuits of 400 volts or above; other motors of rated output 1.5 kilowatts or above. 85.01 2. Rotary converters 85.02 3. Flame proof transformers whose rated input voltage is not less than 400 Volts, inductors used in circuits of not less than 400 Volts; rectifiers and rectifying apparatus. 85.04 2. This notification shall come into force on the 28th day of February, 1986.