EPCG Scheme - Notification No. 29/97-Cus - capital goods for marine/textile/chemical sectors - zero duty benefit - classification issued

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..../ textile/ chemical sectors - zero duty benefit - classification issued Attention is invited to paragraph 1(i) and condition 5 of para 2 of Notification No. 29/97-Customs dated 1.4.1997 issued under Zero duty EPCG Scheme. In terms of para 1(i) to the notification, inter-alia CVD exemption is exemption is extended to capital goods for marine sector. In terms of condition(5) of para 2 of the notifi....

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....o Explanation (1) to notification No. 29/97-Cus., dated 1.4.1997, benefit of the notification would be available to all machinery required by the aforesaid 3 sectors or it would be available only to machinery specified in Annexures II, III and IV of the said notification even if the total value of imported machinery exceeds Rs. 20 crores. 3. The issue has been examined in the Board. It is clarifi....