Clarification to enable procurement of spares beyond 5% by granite sector EOUs

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....merce, EOU Division Subject: Clarification to enable procurement of spares beyond 5% by granite sector EOUs. Para 6.7 (a) of HBP (04-09) {para 6.6(a) of HBP (09-14)} allows granite sector to take spares up to 5% of the value of the Capital Goods to quarry site. Representations were received from EOUs in granite sector stating that some of the Customs Authorities apply the 5% limit in regard to p....

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....EOU in connection with processing and manufacture or production of articles of granite for export are specified in Annexure I of the notification 52/2003-Cus. Para 6.7 (a) of HBP v 1 {6.6(a) of HBP (09-14)} puts restriction of removal of spares to 5% to quarrying site. Thus spares allowed duty free for quarrying need to be restricted to that level. However, there is no limit for the spares requir....