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TMI BlogExemption to Goods supplied to UN/International Organisations or ProjectsX X X X Extracts X X X X X X X X Extracts X X X X ..... ule to the Central Excise Tariff Act, 1985 (5 of 1986) (hereinafter referred to as the said goods) when supplied to the United Nations or an international organisation for their official use or supplied to the projects financed by the said United Nations or an international organisation and approved by the Government of India, from the whole of- (i) the duty of excise leviable thereon under section 3 of the Central Excise Act, 1944 (1 of 1944); and (ii) the additional duty of excise leviable thereon under sub-section (1) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957): 1Provided that before clearance if the said goods, the manufacturer produces before the Assistant Commissioner of Cent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... project has been approved by the Government of India, a certificate from the executive head of the Project Implementing Authority and countersigned by an officer not below the rank of a Joint Secretary to the Government of India, in the concerned Line Ministry in the Government of India, that the said goods are required for the execution of the said project and that the said project has duly been approved by the Government of India, and (ii) if the said project has been approved by the Government of India for implementation by the Government of a State or a Union Territory, a certificate from the executive head of the Project Implementing Authority and countersigned by the Principal Secretary or the Secretary (Finance), as the case may be, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rom the officer concerned of the Central Government, State Government or Union territory Administration, as the case may be, that the said goods are no longer required for the existing project. The depreciated value of the said goods shall be equal to the original value of the goods at the time of clearance reduced by the percentage points calculated by straight line method as specified below for each quarter of a year or part thereof from the date of clearance of the said goods, namely:- (i) for each quarter in the first year at the rate of 4 per cent; (ii) for each quarter in the second year at the rate of 3 per cent; (iii) for each quarter in the third year at the rate of 2.5 per cent; and (iv) for each quarter in the fourth year ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tuted vide Notification No. 4/1999 dated 11/2/1999 Explanation has been numbered as Explanation 1 vide notification no. 13/2008 CE dated 1/3/2008 2. Has been substituted vide Notification No. 40/1999 dated 2/11/1999 3. For the words by the world bank, the Asian development Bank or any other international organisation. The words by the World Bank, the Asian Development Bank or any international organisation, other than those listed in the Annexure has been substituted vide Notification No. 40/1999 dated 2/11/1999 4. Annexure has been inserted vide Notification No. 40/1999 dated 2/11/1999 5. Has been inserted vide Notification No. 36/2001 dated 6/7/2001 6. Has been inserted vide Notification No. 50/2001 dated 12/10/2001 7 Explanation 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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