Import duty exemption for note press equipment permits duty-free importation for establishment, expansion and modernization of printing facilities. Exemption from customs duty and additional duty under section 25(1) of the Customs Act permitted duty-free importation of specified plant, machinery, equipment, tools, spares (including insurance spares), consumables and security surveillance systems when imported by or on behalf of the Reserve Bank of India or Bhartiya Reserve Bank Note Mudran Private Limited for setting up new Note Press projects at Salboni and Mysore, and for expansion and modernisation of the Currency Note Press at Nasik and the Bank Note Press at Dewas.
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Provisions expressly mentioned in the judgment/order text.
Import duty exemption for note press equipment permits duty-free importation for establishment, expansion and modernization of printing facilities.
Exemption from customs duty and additional duty under section 25(1) of the Customs Act permitted duty-free importation of specified plant, machinery, equipment, tools, spares (including insurance spares), consumables and security surveillance systems when imported by or on behalf of the Reserve Bank of India or Bhartiya Reserve Bank Note Mudran Private Limited for setting up new Note Press projects at Salboni and Mysore, and for expansion and modernisation of the Currency Note Press at Nasik and the Bank Note Press at Dewas.
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