9911796707
TMI BlogEffective rates for specified goods of Chapters 91 and 98X X X X Extracts X X X X X X X X Extracts X X X X ..... Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods specified in column (2) of the Table hereto annexed, when imported into India, from so much of that portion of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as is in excess of the amount calculated at the ra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... escribed by the Assistant Collector of Customs, binding himself to pay on demand, in respect of such parts as are not proved to the satisfaction of the Assistant Collector of Customs to have been used for the aforesaid purpose, an amount equal to the difference between the duty leviable on such parts but for the exemption contained herein and that already paid at the time of importation. 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of importation; and (iii) the importer produces within such period as the Assistant Collector of Customs may specify in this behalf, a certificate from the Assistant Collector of Central Excise in whose jurisdiction the factory manufact-uring such wrist watches is situated, to the effect that the said imported components have been used in the manufacture of the said wrist watches. 4. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es a bond in such form and for such sum as may be specified by the Assistant Collector of Customs, binding himself to pay on demand, in respect of such quantity of the said imported component parts as is not proved to the satisfaction of the Assistant Collector of Customs to have been used for the aforesaid purpose, an amount equal to the difference between the duty leviable on such component part ..... X X X X Extracts X X X X X X X X Extracts X X X X
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