TMI BlogExemption to recorded magnetic tapes imported for use in computers [Heading No. 85.24]X X X X Extracts X X X X X X X X Extracts X X X X ..... (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 recorded magnetic tapes falling under the Heading No. 85.24 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India by the University Grants Commission for use in computers, from, - (i) the whol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct that such recorded magnetic tapes shall not be used for any other purpose and such tapes shall not be subsequently recorded with any other material; and (iii) such recorded magnetic tapes shall not be sold or parted with, without the prior permission of the Collector of Customs at the port of importation. - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanage ..... X X X X Extracts X X X X X X X X Extracts X X X X
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