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TMI BlogExemption to capital goods imported under Para 197 of the Import and Export Policy - 1990-93 (This notification Superseded/Rescinded by notification no. 99/94 dt. 1.3.94)X X X X Extracts X X X X X X X X Extracts X X X X ..... Rescinded by notification no. 99/94 dt. 1.3.94 (As amended by Section 115 if the Finance Act, 2001, read with Serial No. 1 of the Eighth Schedule thereto and Section 126(1) of the Finance Act, 2003, read with Serial No. 1 of the Second Schedule thereto.) 3rd May, 1990 Notification No. 169/90-Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ank guarantee for full amount of duty leviable on such goods but for the exemption contained herein before the licensing authority undertaking to comply with all the conditions and obligations specified in the provisions of the said paragraph 197; (ii) the importer at the time of clearance of the said capital goods shall make a declaration before the Assistant Collector of Customs, in such form a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction taken or anything done or purported to have taken or done under this notification shall be deemed to any always to have been for all purposes taken or done as if this notification as amended has been in force at all material time. (iv) where the Licensing Authority grants an extension of the period for fulfilment of export obligation in terms of, and subject to the satisfaction of such cond ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... have been, for all purposes, as validly and effectively taken or done as if the notification as amended by this sub-section had been in force at all material times. For other provisions in this respect refer to section 126(1) of the Finance Act, 2003. Explanation : In this notification, - (i) "capital goods" means any plant, machinery, equipment or accessories required by an importer for manufa ..... X X X X Extracts X X X X X X X X Extracts X X X X
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