TMI BlogExemption to Imports by U.N. or International Organisation for execution of projects in IndiaX X X X Extracts X X X X X X X X Extracts X X X X ..... execution of projects financed by the United Nations or an international organisation and approved by the Government of India, from the whole of the duty of customs leviable thereon under First Schedule to the customs Tariff Act, 1975 (51 of 1975), 4 [***] and the whole of the special duty of customs leviable under section 68 of the Finance (No.2) Act 1996 (33 of 1996): Provided that the importer, at the time of clearance of the goods, produces before the Assistant Commissioner of Customs or Deputy commissioner of Customs, as the case may be, having jurisdiction,- (i) in case the said goods are - (a) imported by an international organisation listed in the Annexure appended to this notification and intended to be used in a proje ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in case the said goods are intended to be used in a project financed (whether by a loan or a grant) by the World Bank, the Asian Development Bank or any other international organisation other than those listed in the Annexure and the said project has been approved by the Government of India for implementation by the Government of a State or a Union Territory, a certificate from the executive head of the Project Implementing Authority and countersigned by the Principal Secretary or the Secretary (Finance), as the case may be, in the concerned State Government or the Union Territory, that the said goods are required for the execution of the said project, and that the said project has duly been approved by the Government of India for implement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Union territory Administration, as the case may be, that the goods are no longer required for the project. The depreciated value of the goods shall be equal to the original value of the goods at the time of import reduced by the percentage points calculated by straight line method as specified below for each quarter of a year or part thereof from the date of clearance of the goods, namely:- (i) for each quarter in the first year at the rate of 4 per cent; (ii) for each quarter in the second year at the rate of 3 per cent; (iii) for each quarter in the third year at the rate of 2.5 per cent; and (iv) for each quarter in the fourth year and subsequent years at the rate of 2 per cent, subject to the maximum of 70%.] 1 Exp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... United Nations World Food Programme 8. United Nations Industrial Development Organisation ********************* Notes: (As amended by Notifications) No. 85/99-Cus. Dated 6-7-1999; No. 119/99-Cus, dated 2-11-1999; No. 75/2001-Cus, dated 6-7-2001; No. 107/2001-Cus, dated 12-10-2001 and No 24/2008-Cus, dated 1-3-2008. 1 Explanation has been numbered as Explanation 1 vide notification no. 24/2008 Cus dated 1/3/2008 2. After Explanation 1 as so numbered Explanation 2 has been inserted vide notification no. 24/2008 Cus dated 1/3/2008 3. Inserted vide Notification No. 22/2014-Customs dated 11th July, 2014 4. Omittted vide Not. 44/ 2017 - Dated 30-6 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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