New Delhi, the 1st March, 2007
10 Phalguna, 1928 (Saka)
NOTIFICATION
No. 16/2007-Central Excise
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 10/97-Central Excise, dated the 1st March, 1997 which was published in the Gazette of India, Extraordinary, vide number G.S.R.116(E) of the same date, namely:-
In the said notification, in the TABLE, for S.No.2 and the entries relating thereto, the following S.No. and entries shall be substituted, namely:-
TABLE
| S.No. |
Name of the Institutions |
Description of the goods |
Conditions |
| (1) |
(2) |
(3) |
(4) |
| 2. |
Research institution, other than a hospital |
- Scientific and technical instruments, apparatus, equipment (including computers);
- accessories, parts and consumables;
- computer software, Compact Disc-Read Only Memory (CD-ROM), recorded magnetic tapes, microfilms, microfiches;
- prototypes
|
- The institution-
- is registered with the Government of India in the Department of Scientific and Industrial Research;
- Head gives a certificate in each case of clearance of goods, certifying that the said goods are essential for research purposes and will be used for the stated purpose only.
- The aggregate value of prototypes received by an institution does not exceed fifty thousand rupees in a financial year.
- The goods falling under (1) and (2) above shall not be transferred or sold by the institution for a period of five years from the date of installation.
|
[F.No.334/1/2007-TRU]
(S. Bajaj)
Under Secretary to the Government of India
Note.- The principal notification No.10/97-Central Excise, dated the 1st March, 1997 was published in the Gazette of India vide number G.S.R. 116(E), dated the 1st March, 1997.