Exemption to diffused wafers, discs or chips for electronic industry

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..... 1962 (52 of 1962), the Central Government, being satis fied that it is necessary in the public interest so to do, hereby exempts (Silicon, in the form of diffused wafers, discs or chips, falling under Chapter 38 or Chapter 85) of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India for the purpose of manufacture of (semi-conductor devices,) from — (a) so muc .....

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..... n : Provided that this condition shall not apply in the case of goods imported against supplementary import licences; and (2) the importer furnishes an undertaking to the Assistant Collector of Customs, at the time of importation, to the effect that - (i) the said imported goods shall be used for the purpose specified above; and (ii) the importer shall pay, on demand, in the event of his f .....

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