Main Jumbo Customs Exemption Notification
12/17.03.2012 - Amendments
[Ref: 23-Customs dated 20 March 2012]
In exercise of the powers conferred by sub-section
(1) of section 25 of the Customs Act, 1962 (52 of
1962), the Central Government, on being satisfied that it is necessary
in the public interest so to do, hereby makes the following amendments in the
notification of the Government of India in the Ministry of Finance (Department
of Revenue), No. 12/2012-Customs, dated the 17th March, 2012 which
was published in the Gazette of India, Extraordinary, vide G.S.R. 185(E) dated
the 17th March, 2012, namely: -
In the said notification,-
(i) in the Table, for S. No. 262 and the entries relating
thereto, the following shall be substituted, namely:-
|
“262 |
4707 |
(A) All goods imported
for use in, or supply to, a unit for manufacture of paper or paperboard other
than newsprint; |
Nil |
- |
25A |
|
|
|
(B) All goods,
imported for use in, or supply to, a unit for manufacture of news print. |
Nil |
Nil |
25A |
(ii) in the
Annexure, after Condition No. 25, the following shall be inserted,
|
“25A |
If,- (a) The importer
furnishes an undertaking to the Deputy Commissioner of Customs or the Assistant
Commissioner of Customs, as the case may be, that such imported goods will be
used for the purpose specified and in the event of his failure to comply with
this condition, he shall be liable to pay, in respect of such quantity of the
said goods as is not proved to have been so used, an amount equal to the
difference between the duty leviable on such
quantity but for the exemption under this notification and that already paid
at the time of the importation; and (b) The importer
produces to the said Deputy Commissioner or Assistant Commissioner, as the
case may be, within six months or such extended period, as that Deputy
Commissioner or Assistant Commissioner may allow, a certificate issued by the
Deputy Commissioner of Central Excise or Assistant Commissioner of Central
Excise, as the case may be, in whose jurisdiction the said goods have been
used in such unit, that the said goods have been so used.” |
[F. No. 334/1/2012-TRU]