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TMI BlogComponents Imported for Manufacture of Capital Goods for Supply to a Person Holding a Licence under EPCG SchemeX X X X Extracts X X X X X X X X Extracts X X X X ..... ers 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 components required for the manufacture of capital goods, when imported into India by a manufacturer of such capital goods for supply to a person holding a licence under the Export Promotion Capital Goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alue of components to be imported under the said licence; (b) the description, quantity and value of the capital goods to be manufactured; (iii) the importer complies with all the requirements specified in the Policy, in respect of the said licence; (iv) the importer executes a bond, in such form and for such sum, as may be specified by the Assistant Collector of Customs at the port of importat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the port of importation may allow; and (4) he shall pay, on demand, in the event of his failure to comply with any of the above conditions, the duty leviable on the components but for the exemption contained herein. Explanation. - In this notification, - (i) "capital goods" means any plant, machinery, equipment or accessories required by an importer for manufacture of goods and shall include m ..... X X X X Extracts X X X X X X X X Extracts X X X X
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