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Exemption to specified equipments, instruments, raw materials, components, pilot plant and computer software when imported for R & D projects

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..... hen imported for R D projects. 23 rd July, 1996 Notification No. 50/96-Customs [Notfn. No. 50/96-Cus., dt. 23.7.1996 as amended by Notfn. Nos.74/96, 108/03 and 18/05-Cus., dt. 1.3.2005] 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 .....

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..... by the Government of India in a Ministry or Department or Council of Scientific and Industrial Research or Indian Council of Medical Research or Indian Council of Agriculture Research or University Grants Commission or Defence Research and Development Organisation or All India Council for Technical Education, as the case may be, and the share of such Ministry or Department or Council of scientifi .....

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..... ms, or Deputy Commissioner of Customs, in each case, at the time of importation, indicating - (i) the total cost of the project; (ii) the cost of the project shared by such Ministry or Department or Council of Scientific and Industrial Research or Indian Council of Medical Research or Indian Council of Agriculture Research or University Grants Commission or Defence Research and Development O .....

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..... ncil for Technical Education 3 [****] 4 [ 2. Nothing contained in this notification shall have effect after the 5 [ 30th September, 2024 ] . ] ------------------ Notes 1. Omittted vide Not. 44/ 2017 - Dated 30-6-2017 , w.e.f.1st day of July, 2017 before it was read as. and from the whole of the additional duty leviable thereon under section 3 of the said Customs Tari .....

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