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Conditional Exemption to specified goods on their import into India and export out of India for execution of a contract -

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..... Notification No. 241/82-Customs 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 so to do, hereby exempts the goods specified in column (1) of the Table annexed hereto, from the payment of so much of the customs duty leviable thereon as is specified .....

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..... no drawback of duty was claimed or paid on their export out of India prior to their present importation; (3) that the project has a specific approval of the Reserve Bank of India; (4) that the ownership of the goods has not changed between the time of export and re-import. (i) In the case of goods on which any alterations, renovations, additions or repairs have been exec .....

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..... --- (As amended by Notification No. 101/83 dated 5/4/1983) -------------------- Notes:- 1. Substituted vide Not. 43/2017 - Dated 30-6-2017 , w.e.f. 1st day of July, 2017, before it was read as, duty of customs 2. Substituted vide Not. 43/2017 - Dated 30-6-2017 , w.e.f. 1st day of July, 2017, before it was read as, additional duty leviable thereon under section 3 .....

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