Customs exemption for capital goods imported for new note press projects, removing both customs duty and additional duty. Exemption granted from customs duties for specified capital goods and related items imported for setting up new note press projects. The Central Government, invoking section 25(1) of the Customs Act, 1962, exempts plant, machinery, equipment, special tools, tackles, spares (including insurance spares), consumables and security surveillance systems under the First Schedule to the Customs Tariff Act from the whole of the duty of customs and the whole of the additional duty under section 3 of the Customs Tariff Act, 1975 when imported for the stated note press projects.
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 exemption for capital goods imported for new note press projects, removing both customs duty and additional duty.
Exemption granted from customs duties for specified capital goods and related items imported for setting up new note press projects. The Central Government, invoking section 25(1) of the Customs Act, 1962, exempts plant, machinery, equipment, special tools, tackles, spares (including insurance spares), consumables and security surveillance systems under the First Schedule to the Customs Tariff Act from the whole of the duty of customs and the whole of the additional duty under section 3 of the Customs Tariff Act, 1975 when imported for the stated note press projects.
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