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Imports for modernisation of power plant - Amendment to Notification No. 86/93-C.E.

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..... 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 makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 86/93-Customs, dated the 28th February, 1993, namely :- In the said notification, for the conditions (i), (ii) and .....

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..... he aforesaid exemption to said goods for such scheme; and (iii) In each case mentioned in condition (i) or (ii) above, the importer furnishes an undertaking to the Assistant Commissioner of Customs to the effect that the said goods shall be used for the purpose specified above and in the event of his failure to use the goods in the manner specified above, he shall be liable to pay an amount equa .....

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