Amends notification no. 52/2003 - Exemption to specified goods imported or procured by EOU's, STP Units, EHTP units etc. for specified purposes

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..... y 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 makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 52/2003-Customs, dated the 31st March, 2003 , published in the Gazette of India, Ex .....

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..... isdictional Development Commissioner within a period of three months from the date of self declared norms and the unit shall undertake to adjust the self-declared/ ad hoc norms in accordance with norms as finally fixed by the Norms Committee for the unit. The a d-hoc norms will continue till such time the final norms are fixed by the Norms Committee; (c) in case of utilization .....

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..... the unit has fulfilled the positive NFE criteria taking into consideration the depreciation allowable on the capital goods at the time of clearance or debonding. In case of failure to achieve the said positive NFE, the depreciation shall be allowed on the value of capital goods in the same proportion as the achieved portion of NFE. ; (iii) after paragraph 13, in the Explanation, after serial .....

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