Exemption to Imported Components required for the Manufacture of Goods Covered by Notification No. 96/91-Cus.

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..... xercise 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 the components required for the manufacture of goods covered by the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 96/91-Customs, dated the .....

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..... ts shall be used for the purpose specified above; and (ii) he shall pay, on demand, in the event of his failure to comply with (i) above, an amount equal to the difference between the duty leviable on the said components but for the exemption contained herein and that already paid at the time of importation. - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanage .....

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