Prescribes a basic duly of 35% and nil additional duty on 10 specified equipments for rubber belling industry

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..... n 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 necessary in the public interest so to do, hereby exempts the goods specified in the Table below, when imported into India for the manufacture of rubber belts, from - (a) so much of that portion of the duty of customs leviable thereon which .....

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..... and that the bond so executed is backed by a bank guarantee for 150 per cent of the amount equal to the difference between the duty leviable on such goods but for the exemption contained herein and that payable in terms of this notification; and (ii) the importer has undertaken to comply with such instructions as are issued by the Chief Controller of Imports and Exports to monitor and enforce t .....

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