Customs exemption amendment broadens covered tariff chapters and mandates Export Import Bank clearance certificate for used machinery relief. Amendment broadens the customs concession to goods under Chapter 84, 85 or 87 and replaces condition (i) with a requirement that a certificate from the Export-Import Bank of India confirm the project for which the machinery was initially purchased has been cleared by the Bank's Working Group, as a precondition for the exemption.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption amendment broadens covered tariff chapters and mandates Export Import Bank clearance certificate for used machinery relief.
Amendment broadens the customs concession to goods under Chapter 84, 85 or 87 and replaces condition (i) with a requirement that a certificate from the Export-Import Bank of India confirm the project for which the machinery was initially purchased has been cleared by the Bank's Working Group, as a precondition for the exemption.
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