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Seeks to further amend Notification No. 72/1994-Customs dated the 01.03.1994.

Seeks to further amend Notification No. 72/1994-Customs, dated the 01.03.1994. - Customs - 23/2016 - Dated:- 1-3-2016 - GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.23/2016 -Customs New Delhi, dated the 1st of March, 2016 G.S.R. 217 (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance ( Department of Revenue) .....

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er the Standard Exchange Scheme, from so much of duty of customs leviable thereon, as is in excess of the duty of customs which would be leviable if the value of the said parts were made up of the Standard Exchange Cost, insurance and freight charges both ways subject to the following conditions, namely:- (i) such parts have been repaired or overhauled or are being imported for repair or overhaul and are not new parts; (ii) the importer and the exporter have entered into a Standard Exchange Agre .....

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