Exemption to computer imports: conditional partial customs duty relief subject to import licence, departmental certification and export bond. Notification No. 260/90-Cus exempts listed computer-related goods from customs duty in excess of rates specified in its Table and from additional duty under section 3, conditional on production of a valid import licence, certification by a Joint Director-level officer in the Department of Electronics that imports are under the computer software export and development policy, and a bond with bank guarantee securing an export obligation of computer software equal to 300% of the CIF value within four years, with payment of differential duty on failure; the exemption excludes Open General Licence imports and caps application software eligibility relative to other listed goods.
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Provisions expressly mentioned in the judgment/order text.
Exemption to computer imports: conditional partial customs duty relief subject to import licence, departmental certification and export bond.
Notification No. 260/90-Cus exempts listed computer-related goods from customs duty in excess of rates specified in its Table and from additional duty under section 3, conditional on production of a valid import licence, certification by a Joint Director-level officer in the Department of Electronics that imports are under the computer software export and development policy, and a bond with bank guarantee securing an export obligation of computer software equal to 300% of the CIF value within four years, with payment of differential duty on failure; the exemption excludes Open General Licence imports and caps application software eligibility relative to other listed goods.
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