Prescribes a basic duty of 20% and nil additional duty on computer equipments, accompanying systems software (other than floppy diskettes) of cif value exceeding Rs. 3 Lakhs imported for execution of export contract on loan basis.

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..... duty on computer equipments, accompanying systems software (other than floppy diskettes) of cif value exceeding Rs. 3 Lakhs imported for execution of export contract on loan basis. Notification No. 116/90-Cus. Dated 20-3-1990 In exercise of the 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 .....

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..... under the Policy on Computer Software Export, Software Development and Training announced by the Government of India in the Department of Electronics in 1986 and published in the Gazette of India, Part I, Section I, dated the 27th December, 1986, and no foreign exchange has been remitted for the import of the said goods, and the importer produces a certificate to these effects from an officer not .....

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..... ent of the value of the said goods; (iv) that no drawback under sub-section (2) of section 74 of the said Customs Act shall be admissible on the said goods; (v) that the importer affirms at the time of cancellation of the bond referred in condition (ii) above that the software exported is the one which has been imported and no copy of the software has been made and kept in India: Provided th .....

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