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    <title>Prescribes a basic duty of 20% and nil additional duty on computer equipments, accompanying systems software (other than floppy diskettes) of cif value exceeding Rs. 3 Lakhs imported for execution of export contract on loan basis.</title>
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    <description>Exempts imported computer equipment and accompanying systems software (excluding floppy diskettes) from customs duty in excess of a 20 per cent ad valorem basic rate and from additional duty where software cif value exceeds Rs. 3 lakhs, provided the goods are temporarily imported for export under the Government&#039;s software export policy, supported by a Department of Electronics certificate, a bond to export within one year, a bank guarantee equal to 25 per cent of value, prohibition of drawback, and affirmation that no copies remain in India.</description>
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      <description>Exempts imported computer equipment and accompanying systems software (excluding floppy diskettes) from customs duty in excess of a 20 per cent ad valorem basic rate and from additional duty where software cif value exceeds Rs. 3 lakhs, provided the goods are temporarily imported for export under the Government&#039;s software export policy, supported by a Department of Electronics certificate, a bond to export within one year, a bank guarantee equal to 25 per cent of value, prohibition of drawback, and affirmation that no copies remain in India.</description>
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