Exemption to mechanical parts for manufacture of specified machines

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..... 962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the components [other than parts containing thermionic valves or transistors or other semi-conductor devices or light emitting diodes or electric thermo-circuits or capacitors (other than paper capacitors)] required for manufacture of goods covered by the notification of t .....

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..... foresaid purpose; 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 failure to comply with (i) above, an amount equal to the difference between the duty leviable on the sa .....

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