NOTIFICATION New Delhi, dated the 23rd July, 1996
No.43/96-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 falling within the First Schedule to the Customs Tariff Act,
1975 (51 of 1975), on which a manufacturing process was undertaken in India
and which were exported out of India for carrying out further manufacturing
processes of coating, electroplating or polishing or a combination of one or
more of these processes, as the case may be, (hereinafter referred to as said
processes), when re-imported into India, after completion of the said
processes, from so much of the duty of customs leviable thereon which is
specified in the said First Schedule and the additional duty leviable thereon
under section 3 of the said Customs Tariff Act, as is in excess of the amount
of duty of customs which would be leviable if the value of such re-imported
goods were made up of the fair cost of the said processes carried out abroad
(whether such cost is actually incurred or not) and insurance and freight,
both ways:
Provided that the proper officer of customs is satisfied,-
(a) of the identity of goods;
(b) that the goods are reimported within a period of one year
or such extended period as the Commissioner of Customs may, having
regard to the circumstances of each case, allow, from the date of
their exportation from India for carrying out the said processes;
(c) that the goods were not exported under claim for drawback
of any duty or under claim for rebate of central excise duty or
under bond without payment of central excise duty; and
(d) that there has been no change in the ownership of the goods
between the time of their exportation from India and importation
into India.
(RAJIV TALWAR)
UNDER SECRETARY TO THE GOVERNMENT OF INDIA
