Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Specified goods imported for manufacture and development of electronics hardware, or electronics hardware and software in an integrated manner by the ElectronicsHardwareTechnologyPark units

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rest so to do, hereby exempts goods specified in the Table below (hereinafter referred to as the 'goods') when imported into India for purposes of manufacture and development, of electronics hardware, or electronics hardware and software in an integrated manner, by the Electronics Hardware Technology Park units under the 100 per cent export-oriented scheme, approved in this behalf by the Inter-Ministerial Standing Committee (hereinafter referred to as the 'Committee') appointed by notification of the Government of India in the Department of Industrial Development S. O. No. 117(E) dated the 22nd February, 1993 (as amended), from the whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... (b) not to move the goods from the unit without the approval of the Assistant Collector of Customs; (c) to export out of India all electronics hardware or software manufactured in the unit; (6) the importer shall produce a certificate to the Assistant Collector of Customs from the designated officer, to the effect that the goods imported are to be installed or used in the unit and that the import of such goods has been authorised by the Committee; (7) on the expiry of the period referred to in the condition (3), the importer shall pay the following duties, namely :- (a) customs duty on capital goods, material handling equipment, office equipment, captive power plant, or, as the case may be, captive generating sets on the deprecia .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cedure, as may be prescribed by the Collector of Customs, is followed by such unit; (11) the Collector of Customs may, subject to the conditions and limita tions stipulated in the Export Import Policy and the procedure as amended from time to time, permit the goods imported into India for the purposes afore said or the electronics hardware manufactured to be taken temporarily outside the unit without payment of duty, for repairs or display, as the case may be, and the importer shall be bound to comply with such conditions and limitations; (12) the Assistant Collector of Customs may allow the supply or transfer of goods imported by a unit or electronics hardware or software manufac tured by such a unit to any other hundred per cent exp .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ing year or such percentage in excess thereof as the Central Government may, in each individual case, allow having regard to the recommendations made to it in this behalf by the Committee for the purpose of supply of such spares and consumables with the export articles for after-sale service, subject to the condition that such supply is specifically stipulated in the relevant export contract and the Assistant Collector of Customs is satisfied that the value of such spares and consumables have been included for arriving at the value addition as required under the said Export and Import Policy: Provided that sale of software within India shall not be allowed through data communication link or telecommunication link. Explanation. - For the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates