Exemption to raw materials and components for manufacture of specified goods for supply to hundered per cent export-oriented undertaking or an unit within a free trade zone - 162/90 - Customs -Tariff

Superseded vide Notification No. 101/93-Customs dated 16-03-1993 Exemption to raw materials and components for manufacture of specified goods for supply to hundered per cent export-oriented undertaking or an unit within a free trade zone Notification No. 162/90-Cus. Dated 30-3-1990 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 necessary in the public interest so to do, hereby exempts raw materials and components required for the manufacture of the goods specified in the Table hereto annexed (hereinafter called the final product), when imported into India by a manufacturer of the final products for supply to a hundred per cent export-oriented undertaking or an unit within a free trade zone, from the whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and from the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, subject to the following conditions, namely :- (1) the manufacturer has been issued a Special Imprest Licence by the Licensing Authority for the import of raw materials or components, or both, for the aforesaid purpose and the same is submitted to the Assistant Collector of Customs at the port of importation; (2) the said imprest licence specifies, inter alia , - (a) the description, quantity and value of the raw materials or components, or both, to be imported under the said licence; (b) the description and quantity of the final products to be manufactured; (3) the importer complies with all the requirements specified in the Import-Export Policy, in respect of the said imprest licence; (4) the importer executes a bond in such form and for such sum as may be specified by the Assistant Collector of Customs at the port of importation to the effect that - (i) the raw materials or components, or both, shall be used for the purpose specified above and that the final product manufactured by the importer shall be supplied to a hundred per cent export-oriented undertaking or an unit within a free trade zone; (ii) an account of the said raw materials or components, or both, received and consumed in the factory of the importer for the aforesaid purpose shall be maintained; (iii) he shall produce a certificate issued by the Assistant Collector of Customs in whose jurisdiction such a hundred per cent export-oriented undertaking or an unit in a free trade zone is situated indicating the description and quantity of the final product supplied by the importer to the hundred per cent export-oriented undertaking or the unit within a free trade zone, as the case may be, and the details of the hundred per cent export-oriented undertaking or the unit in the free trade zone by whom such goods have been received, within a period of 3 months or such extended period as the Assistant Collector of Customs at the port of importation may allow; and (iv) he shall pay, on demand, in the event of his failure to comply with (i), (ii) or (iii) above, the duty leviable on the raw materials or com ponents, or both, but for the exemption contained herein. TABLE S. No. Description (1) (2) (1) Corrugated cartons; (2) Tin containers; (3) Plastic extruded/moulded/fabricated products; (4) Multilayer laminated collapsible tubes; (5) Circular diamond saw fitted with segments; (6) Segments of circular diamond saw. Explanations : For the purpose of this notification, - (a) free trade zone and hundred per cent export-oriented undertaking have the same meanings as in Explanation 2 to sub-section (1) of section 3 of the Central Excises and Salt Act, 1944 (1 of 1944). (b) licensing authority means an authority competent to grant a licence under the Imports (Control) Order, 1955, made under the Import and Export (Control) Act, 1947 (18 of 1947).