Exemption to used machinery and equipments falling within Chapter 84 or 85

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..... he Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts used machinery and equipments (hereinafter referred to as machinery), falling within Chapter 84 or 85 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India by the project exporters, from, - (a) so much of that porti .....

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..... by a Chartered Engineer to the effect that the machinery has been used in the project for a period of not less than five years. Explanation. - In this notification, the expression "project exporter" means an individual or a partnership firm or a company or a corporation which is engaged in setting up of projects abroad. - Notification Tax Management India - taxmanagementindia - taxmanagemen .....

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