Exemption to specified watch components imported for manufacture of mechanical/quartz analog wristwatch

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..... 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 parts specified in column (2) of the Table annexed hereto, when imported into India for the manufacture of mechanical wrist watches and quartz analog wrist watches or of components of such wrist watche .....

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..... tches or their components; (ii) the importer shall produce evidence to the Assistant Collector of Customs to the effect that the said parts have been imported by such importer under a programme duly approved by the Industrial Adviser or the Additional Industrial Adviser in the Directorate Gene ral of Technical Development, or the Industrial Adviser in the Office of the Development Commissioner ( .....

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..... for the aforesaid purpose, an amount equal to the difference between the duty leviable on such parts but for the exemption contained herein and that already paid at the time of importation. TABLE Sl. No. Description of components Rate of duty (1) (2) (3) 1. Dial foot 30% ad valorem 2. Dial ring 30% ad valorem .....

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