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        Customs

        Drilling rigs and spares thereof imported for rural water supply project - 339/86 - Customs -Tariff

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        CIF value limit for spares caps their proportion relative to drilling rigs imported for rural water supply projects. The amendment replaces condition (ii) in the prior customs exemption notification to require that the C.I.F. value of spares imported in a financial year does not exceed a specified proportion of the total C.I.F. value of the drilling rigs imported under the same notification for rural water supply 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.

                                CIF value limit for spares caps their proportion relative to drilling rigs imported for rural water supply projects.

                                The amendment replaces condition (ii) in the prior customs exemption notification to require that the C.I.F. value of spares imported in a financial year does not exceed a specified proportion of the total C.I.F. value of the drilling rigs imported under the same notification for rural water supply projects.


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