Exemptions from import duty related to the setting up expansion and modernisation of Note Presses

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..... 40/96-Cus. Dated 23-7-1996 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 exempts goods of the description specified in column (2) of the Table hereto annexed and falling within the First Schedule to the Customs Tariff Act, 197 .....

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..... lant, machinery, equipment, spares (including insurance spares) and consumables when imported by or on behalf of the Reserve Bank of India for expansion and modernisation of the Currency Note Press at Nasik in Maharashtra and the Bank Note Press at Dewas in Madhya Pradesh. - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - .....

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