https://www.taxtmi.com/notifications?id=21629 Notification grants a conditional exemption for specified new textile machines in Chapter 84 from customs duty above a 25 per cent ad valorem rate and from additional duty under section 3, provided the importer produces a certificate from an officer of specified rank and executes a bond. The bond requires that goods produced by the imported looms and Rotor Spinning Machines, exceeding five times the machine's customs value, be exported or used in exported fabric within five years, above the importer's average export performance for the prior three years, and that the importer comply with the Chief Controller's enforcement instructions. en-us Sat, 01 Mar 1986 00:00:00 +0530 Thu, 03 Sep 2009 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=21629 Notification grants a conditional exemption for specified new textile machines in Chapter 84 from customs duty above a 25 per cent ad valorem rate and from additional duty under section 3, provided the importer produces a certificate from an officer of specified rank and executes a bond. The bond requires that goods produced by the imported looms and Rotor Spinning Machines, exceeding five times the machine's customs value, be exported or used in exported fabric within five years, above the importer's average export performance for the prior three years, and that the importer comply with the Chief Controller's enforcement instructions. Notifications Customs Sat, 01 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/notifications?id=21629