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Exemption to machinery, instruments and tools required for setting up of
indigenous manufacturing facilities in the ordnance factories for the
manufacture of Infantry Combat Vehicle
Notification
No. 128 dated 21st August 1995
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 machinery instruments,
tools including accessories of such machinery, instruments and tools required
for setting up of indigenous manufacturing facilities in the ordnance factories
for the manufacture of armaments of Infantry Combat Vehicle (ICV) FMP-II Project
of the Ministry of Defence (hereinafter referred to as the project goods), when
imported into India by the Ordnance Factory Board, Calcutta, from-
(i)
the whole of the duty of customs leviable thereon which is specified in
the First Schedule to the Customs Tariff Act, 1975 (51 of 1975); and
(ii)
the whole of the additional duty leviable thereon under section 3 of the
said Customs Tariff Act;
Provided
that the importer produces to the Assistant Commissioner of Customs at the time
of importation, in each case, a list of the project goods with the relevant
description of such goods duly certified by an officer not below the rank of a
Deputy Secretary to the Government of India, in the Ministry of Defence, to the
effect that the project goods mentioned in the list:
(a)
are required for the purposes of the Infantry Combat Vehicle EMP-II
Project of the Ministry of Defence:
(b)
are not manufactured in India: and
(c)
shall be used only for the purposes of the said Project.
2.
This notification shall remain in force upto and inclusive of the 30th
day of December 1995.
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