Imports for export promotion: amended notifications narrow exemption eligibility and exclude certain goods from select export schemes. Amendment substitutes specified provisos, conditions and paragraphs in eight named customs exemption notifications under the exercise of powers under section 25 of the Customs Act, 1962, thereby altering the scope of exemptions for imports for export promotion. It expressly bars importers from claiming the exemption for goods under heading 98.01 and from claiming exemptions under any Export Promotion Scheme other than the Export Promotion Capital Goods scheme permitting import of capital goods at the concessional ad valorem rate specified in Notification No. 160/92-Customs.
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Provisions expressly mentioned in the judgment/order text.
Imports for export promotion: amended notifications narrow exemption eligibility and exclude certain goods from select export schemes.
Amendment substitutes specified provisos, conditions and paragraphs in eight named customs exemption notifications under the exercise of powers under section 25 of the Customs Act, 1962, thereby altering the scope of exemptions for imports for export promotion. It expressly bars importers from claiming the exemption for goods under heading 98.01 and from claiming exemptions under any Export Promotion Scheme other than the Export Promotion Capital Goods scheme permitting import of capital goods at the concessional ad valorem rate specified in Notification No. 160/92-Customs.
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