Import of Dies for drawing metal after repairs from abroad in exchange of similar worn-out dies exported out of India for repairs

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..... Notification No. 54 /2002-Customs In exercise of the powers conferred by sub-section (1) of the 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. 21 .....

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..... one year of the date of exportation of similar dies out of India for repairs; and (2) no drawback of duty has been paid on the occasion of their export. Explanation .- On the imports referred to in condition (1) above, the duty would be leviable as if the value of the said dies were equal to- (i) the aggregate of- (a) labour charges for such repair; (b .....

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