Special Economic Zone — Goods imported for the purpose of development, operation and maintenance of SEZ — Exemption

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... xercise 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 goods (hereinafter referred to as the said goods), when imported into India or procured from a Public Warehouse or a Private Warehouse appointed or licensed, as the case may be, under sec .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Chief Commissioner of Customs and Central Excise, as the case may be, having jurisdiction over the said special economic zone; iii. the said goods shall be stored in the premises appointed or licenced as Public Warehouse or Private Warehouse, as the case may be, under section 57 or section 58 of the said Customs Act; iv. the importer shall maintain proper account of import or procurement, consum .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ioner of Customs or the Commissioner of Customs and Central Excise, as the case may be, binding himself to utilise the said goods within a period of six months or such extended period as may be allowed by him, and if the importer fails to do so, then he shall pay, on demand, an amount equal to the duty as leviable on the said goods alongwith interest at the rate of 15 per cent. per annum on the sa .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X