Capital goods, components and spares thereof etc. imported under EPCG Scheme - Amendments to Notification Nos. 28/97-Cus. and 29/97-Cus. - 33/98 - Customs -Tariff
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Deemed compliance for EPCG import minimums now recognizes minor shortfalls within prescribed tolerance, amending prior notification references. The amendments delete the brackets and letter '(e)' from the Explanation to Notifications 28/97-Cus. and 29/97-Cus., and substitute a new third proviso to condition 5 of Notification 29/97-Cus. under which the condition of minimum value of import (expressed in specified rupee thresholds) shall be deemed to have been complied with where the shortfall in import is within 10% of the prescribed limits.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deemed compliance for EPCG import minimums now recognizes minor shortfalls within prescribed tolerance, amending prior notification references.
The amendments delete the brackets and letter "(e)" from the Explanation to Notifications 28/97-Cus. and 29/97-Cus., and substitute a new third proviso to condition 5 of Notification 29/97-Cus. under which the condition of minimum value of import (expressed in specified rupee thresholds) shall be deemed to have been complied with where the shortfall in import is within 10% of the prescribed limits.
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