Drilling Rigs and Spares for Water Supply Projects:

Ref. : customs notification no. 158/02.04.87 - The Central government exempts, Drilling rigs and spares thereof, when imported into india for rural water supply projects from-
a) the whole of the duty of customs leviable thereon, under the first Schedule to the customs Tariff Act, 1975(51 of 1975);
(b) the whole of the additional dutyleviable thereon under section 3 of the said Customs Tariff Act;
subject to the following conditions namely:
i) the drilling rigs are gifted free of cost under a bilaterial agreement between a Foreign Government and the Government of india;
ii) the CIF value of the said spares imported in a financial year does not exceed 10 % of the total CIF value of the drilling rigs imported under the notification; and
(iii) the importer at the time of clearance produces of a certificate from an officer not lower in rank than a Deputy Secretary to the government of India in the of Department of rural Development to the drilling rings and the said spares imported are required for rural water supply projects and in this case of the said spares, to the effect that the import is within the value limit specified in condition (ii) above

Notification History : Origin no. /Date - 158/02.04.87
amended by 215/14.05.87; 112/29.03.88; 103/03.90

* goods for Pharmaceutical and Bio-Technology - Reference Customs Notification no. 21 dated 01.03.2002, S.No. 248 List 27A, 28 condition 53