Sub-assemblies and modules for manufacture of Telecommunication equipments

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..... Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts sub-assemblies and modules imported for manufacture of Telecommunication equipments specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 59/88-Customs, dated the 1st March, 1988, from so much of the .....

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..... ded. (2) the importer also furnishes an undertaking to the Assistant Collector of Customs at the time of importation, to the effect that - (a) the said sub-assemblies and modules shall be used for the purpose specified above; and (b) he shall pay on demand, in the event of his failure to comply with (a) above, an amount equal to the difference between the duty leviable on the said sub-assemb .....

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