NOTIFICATION New Delhi, dated the 23rd July, 1996
No. 40/96-CUSTOMS 1 Shravana, 1918 (Saka)
GS.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 goods of the description specified in column (2) of the
Table hereto annexed 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 second mentioned Act.
TABLE
S.No. Description of goods
(1) (2)
1. Plant, machinery, equipment, special tools, tackles, spares (including
insurance spares), consumables and security surveillance systems when
imported by on on behalf of the Reserve Bank of India or Bhartiya Reserve
Bank Note Mudran Private Limited for the setting up of new note press
projects at Salboni in West Bengal and at Mysore in Karnataka
2. Plant, machinery, equipment, spares (including insurance spares) and
consumables when imported by on on behalf of the Reserve Bank of India for
expansion and modernisation of the Currency Note Press at Nasik in
Maharashtra and the Bank Note Press at Dewas in Madhya Pradesh.
(RAJIV TALWAR)
UNDER SECRETARY TO THE GOVERNMENT OF INDIA
