Exemption to materials required for manufacture of capital goods for supply to the fertilizer plants under the procedure of international competitive bidding - 103/93 - Customs -Tariff

Customs Duty Exemption for Capital Goods in Fertilizer Plants Under Notification No. 103/93-Cus: Key Conditions and Procedures

Notification No. 103/93-Cus, dated March 16, 1993, issued by the Central Government under the Customs Act, 1962, exempts materials needed for manufacturing capital goods supplied to fertilizer plants via international competitive bidding from customs duty. Conditions for exemption include obtaining an import license, providing proof of a bond, and ensuring materials are used solely for manufacturing capital goods for fertilizer plants. The notification also details procedures for transferability of licenses and the definition of materials. It specifies that the benefit cannot be transferred unless obligations are fulfilled and no input stage credit is claimed.