Capital goods - Amendment to Notification No. 160/92-Cus. - G.E. No. 188A

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..... he Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 160/92-Customs, dated the 20th April, 1992, namely :- In the said Notification - (a) for condition (i), the following condition .....

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..... CIF value of the capital goods actually imported"; (ii) after clause (iii), the following shall be added, namely :- "(iv) in case of second hand capital goods the term 'CIF value' indicated in column (2) of the Table shall mean CIF value of corresponding new capital goods as may be determined by the licensing authority." - Notification Tax Management India - taxmanagementindia - taxmanagem .....

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