TMI BlogExemption to goods of foreign origin for repairs and returns, theatrical equipments, pontoons, photographic filming, sound recording and radio equipments etc.X X X X Extracts X X X X X X X X Extracts X X X X ..... e of the powers conferred under 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 goods (hereinafter referred to as the said goods) of the description specified in column (2) of the Table hereto annexed and falling within the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from the whole of the duty of customs leviable thereon specified in the said Schedule and from the whole of the 1 [integrated tax leviable thereon under sub-section (7) of section 3] of the second mentioned Act subject to the conditions, if any, laid down in the corresponding entry in column (3) thereof. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es a bond, in such form and with such surety as may be acceptable to the Assistant Commissioner of Customs or Deputy Commissioner of Customs, binding himself to pay on demand an amount equal to twice the amount of duty leviable on such theatrical equipment if the same is not re-exported within six months from the date of importation or such extended period not exceeding nine months from the date of importation as the said Assistant Commissioner may allow; 3. Omitted 4. Photographic, filming, sound-recording and radio equipments, raw films, video tapes 3 [ , sound-recording tapes, costumes and props ] (i) A certificate is produced to the Assi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... during the expedition in India; (ii) the expedition is approved by the Indian Mountaineering Foundation, New Delhi, and the expedition importing any of the goods aforesaid produces a certificate from the said Foundation, to the Assistant Commissioner of Customs or Deputy Commissioner of Customs, at the time of importation, to the effect that - (a) the mountaineering expedition had been approved by the said Foundation; (b) the said Foundation has obtained clearance of the Government of India in respect of the said expedition; and (c) the goods imported are for the bona fide requirements of the expedition; and (iii) an undertaking is given by the Indian Mountainerring Foundation, New Delhi, to the effect that - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es; (ii) the importer, by execution of a bond in such form and for such sum as may be prescribed by the Assistant Commissioner of Customs or Deputy Commissioner of Customs, binds himself to pay on demand in respect of the said goods as are not proved to the satisfaction of the Assistant Commissioner of Customs or Deputy Commissioner of Customs to have been used for the aforesaid purposes, an amount equal to the duty leviable on such tags or labels or printed bags but for the exemption contained herein; (iii) the importer satisfies the Assistant Commissioner that the articles so imported have been exported within six months of the date of importation or within such extended period as may be permitted by the said Assistant Commiss ..... X X X X Extracts X X X X X X X X Extracts X X X X
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