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TMI BlogAmendments in the notification No. 21/2002-Customs, dated the 1st March, 2002X X X X Extracts X X X X X X X X Extracts X X X X ..... (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 to do so, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 21/2002-Customs, dated the 1 st March, 2002, namely:- In the said notification,- (A) in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) "442. 72, 73, 84, 85 or 90 The following goods required for the manufacture of items of machinery, including prime movers, instruments, apparatus and appliances, control gear and transmission equipment, auxiliary equipment (including those required for research and development purposes, testing and quality control), namely :- (i) Iron and steel and articles thereof, fallin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t, auxiliary equipment (including those required for research and development purposes, testing and quality control) (hereinafter referred to as the "capital goods"), where the capital goods are supplied for - (i) initial setting up of a unit, the manufacturer furnishes a undertaking to the Deputy Commissioner of Central Excise or the Assistant Commissioner of Central Excise, as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on over his factory, that the value of investment in fixed assets in plant and machinery (excluding land and buildings) in the said unit, is more than rupees five crore at the time of first clearance under this exemption. Explanation .- For the purposes of this exemption, "unit" shall have the same meaning as assigned under the Project Import Regulations, 1986 G.S.Karki Under Se ..... X X X X Extracts X X X X X X X X Extracts X X X X
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