Customs duty exemption for imports of plant and spares for currency note press expansion and modernisation. The Central Government exempts plant, machinery, equipment, spares (including insurance spares) and consumables falling under the First Schedule to the Customs Tariff Act when imported by or on behalf of the Reserve Bank of India for expansion and modernisation of the Currency Note Press at Nasik and the Bank Note Press at Dewas from the whole of the duty of customs leviable under the First Schedule and from the whole of the additional duty leviable under section 3 of the Customs Tariff Act.
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.
Customs duty exemption for imports of plant and spares for currency note press expansion and modernisation.
The Central Government exempts plant, machinery, equipment, spares (including insurance spares) and consumables falling under the First Schedule to the Customs Tariff Act when imported by or on behalf of the Reserve Bank of India for expansion and modernisation of the Currency Note Press at Nasik and the Bank Note Press at Dewas from the whole of the duty of customs leviable under the First Schedule and from the whole of the additional duty leviable under section 3 of the Customs Tariff Act.
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