Additional duty on goods imported for execution of export order - Notification No. 81/95 - Amended - 87/96 - Customs -Tariff

Additional duty on goods imported for execution of export order - Notification No. 81/95 - Amended Notification No. 87/96-Cus. Dated 18-11-1996 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 necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance, Department of Revenue, No. 81/95-Customs, dated the 31st March, 1995, namely :- In the said notification, for condition (v), the following condition shall be substituted, namely :- "(v) that the jobbing is undertaken in accordance with the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996. Provided that where the jobbing is to be undertaken by or through cottage industry without being confined to any specific premises, the importer shall execute a bond with such surety or security and in such form and for such sum as may be specified by the Assistant Commissioner of Customs, binding himself to pay on demand an amount equal to the duty leviable on the goods imported but for the exemption contained herein, in respect of which the conditions specified in this notification have not been complied with."