Maintenance spares imported for the initial setting up of an industrial unit for electronic items or the substantial expansion of an existing industrial unit for electronic items — Exemption

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..... ubstantial expansion of an existing industrial unit for electronic items Exemption Notification No. 68/98-Cus. (N.T.), dated 3-9-1998 Whereas maintenance spares (hereinafter referred to as the said spares) imported along with the goods required for the initial setting up of an industrial unit for the manufacture of Electronic items or the substantial expansion of an existing industrial un .....

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..... "the initial setting up of industrial unit for the manufacture of electronic items or the substantial expansion of an existing industrial unit manufacturing electronic items" in the said notification No. 315/83-Customs, dated the 26th November, 1983. 3. AND WHEREAS, show cause notices for recovery of differential duty on the said spares were issued on the ground that such concessional rate of d .....

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..... assessment under the said notification No. 315/83-Customs, dated the 26th November, 1983. 5. Now, therefore, in exercise of the powers conferred by section 28A of the Custom Act, 1962 (51 of 1962), the Central Government, hereby, directs that the duty of customs leviable under First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and auxiliary duty of Customs leviable under Section 43 of t .....

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..... ces were issued to disallow the exemption. To clarify the issue, notification No. 315/83-Customs was amended by notification No. 238/92-Customs, dated 2-7-1992 to allow concessional rate of duty to the said spares. The notification No. 238/92-Customs could not have the retrospective effect and, therefore, the subject notification had been issued to waive off differential duty of customs and auxili .....

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