Exemption to specified equipments, instruments, raw materials, components, pilot plant and computer software when imported for R & D projects

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..... en imported for R D projects. 23 rd July, 1996 Notification No. 50/96-Customs [Notfn. No. 50/96-Cus., dt. 23.7.1996 as amended by Notfn. Nos.74/96, 108/03 and 18/05-Cus., dt. 1.3.2005] 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 exempt .....

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..... Ministry or Department or Council of Scientific and Industrial Research or Indian Council of Medical Research or Indian Council of Agriculture Research or University Grants Commission or Defence Research and Development Organisation or All India Council for Technical Education, as the case may be, and the share of such Ministry or Department or Council of scientific and Industrial Research or Indi .....

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..... , in each case, at the time of importation, indicating - (i) the total cost of the project; (ii) the cost of the project shared by such Ministry or Department or Council of Scientific and Industrial Research or Indian Council of Medical Research or Indian Council of Agriculture Research or University Grants Commission or Defence Research and Development Organisation or All India Council for Techni .....

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..... ned in this notification shall have effect after the 6 [ 31st March, 2029 ] . ] ------------------ Notes 1. Omitted vide Not. 44/ 2017 - Dated 30-6-2017 , w.e.f.1st day of July, 2017 before it was read as. and from the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, 2. Inserted vide Notification No. 09/2022-Customs dated 01-02-2022 w.e.f. 02-02-2022 3. .....

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