Government of India

Custom & Excise Notifications

Custom & Excise Notifications


   


NOTIFICATION 	                   New Delhi, dated the 23rd July, 1996
No.50/96-CUSTOMS 			1 Shravana, 1918 (Saka)


G.S.R.     (E).-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 equipment,  instruments,  raw materials,  components,  pilot plant and 
computer  software  (hereinafter referred to as the said  goods)  and  falling 
within the First Schedule to the Customs Tariff Act,  1975 (51 of 1975),  when 
imported  into India,  from the whole of the duty of customs leviable  thereon 
which  is  specified  in  the said First Schedule and from the  whole  of  the 
additional  duty leviable thereon under section 3 of the said  Customs  Tariff 
Act,  when  imported  for  any Research and Development  Project  (hereinafter 
referred  to as the said project) undertaken by any company,  subject  to  the 
following conditions, namely :-

     (a)  the  said  project is undertaken by any company having  an  in-house 
Research  and Development unit recognised by the Department of Scientific  and 
Industrial Research under the Ministry of Science and Technology;

     (b) the said project is funded by  the Government of India in a  Ministry 
or  Department,  as  the  case  may be,  and the share  of  such  Ministry  or 
Department  is  not less than twenty per cent.  of the total cost of the  said 
project;

     (c)  a certificate from a Deputy Secretary to the Government of India  in 
the  Concerned Ministry or Department,  as the case may be,  funding the  said 
project is produced to the Assistant Commissioner of Customs, in each case, at 
the time of importation, indicating - 

     (i)  the total cost of the project;

     (ii) the  cost of the project shared by such Ministry or  Department,  as 
          the case may be;

   (iii)  the value of the goods already imported under this notification;

    (iv)  that the goods are imported for the purposes of the said project;

     (d)  the  goods shall not be sold or transferred to any person  or  other 
organisation for a period of five years from the date of their import:

	Provided  that  the  exemption  under  this  notification  shall   be 
available  to the said goods only upto a value equivalent to the cost of  the 
said project shared by the Concerned Ministry or Department.


                                             (RAJIV TALWAR)
                           UNDER SECRETARY TO THE GOVERNMENT OF INDIA	


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