Exemption to Polyethylene and Copolymers of Ethylene falling under Heading No. 39.01 - 171/90 - Customs -Tariff

Exemption to Polyethylene and Copolymers of Ethylene falling under Heading No. 39.01 Notification No. 171/90-Cus. Dated 16-5-1990 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 necessary in the public interest so to do, hereby exempts polyethylene and copolymers of ethylene (other than polyethylene based sheathing compound and insulation compound) having a specific gravity of less than 0.94 [conforming to specifications laid down in Indian Standard 7803 (Part II) 1975] and falling under heading No. 39.01 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India for the manufacture of aseptic packing material for packaging of pharmaceuticals with the aid of Aseptic Form Fill Seal Machine, from - (a) so much of that portion of the duty of customs leviable thereon which is specified in the said First Schedule, as is in excess of the amount calculated at the rate of ten per cent ad valorem; and (b) the whole of the additional duty leviable thereon under Section 3 of the said Customs Tariff Act, 1975 : Provided that the importer, at the time of importation, holds a drug manufacturing licence issued under the Drugs and Cosmetics Act, 1940 (23 of 1940) : Provided further that the importer furnishes an undertaking to the Assistant Collector of Customs, to the effect that - (a) the said imported goods shall be used for the purpose specified above; (b) he possesses Aseptic Form Fill Seal Machine/Machines; and (c) he shall pay, on demand, in the event of his failure to comply with the requirement specified in clause (a) or (b) above, an amount equal to the difference between the duty leviable on such quantity of the said imported goods but for the exemption contained herein and that already paid at the time of importation.