Exemption to specified equipments, instruments, raw materials, components, pilot plant and computer software when imported for R & D projects

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....ruments, raw materials, components, pilot plant and computer software when imported for R & D projects. 23rd July, 1996 Notification No. 50/96-Customs [Notfn. No. 50/96-Cus., dt. 23.7.1996 as amended by Notfn. Nos.74/96, 108/03 and 18/05-Cus., dt. 1.3.2005] In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being....

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.... of Science and Technology; (b) the said project is funded by the Government of India in a Ministry or Department or Council of Scientific and Industrial Research or Indian Council of Medical Research or Indian Council of Agriculture Research or University Grants Commission or Defence Research and Development Organisation or All India Council for Technical Education, as the case may be, and....

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....g the said project is produced to the Assistant commissioner of Customs, or Deputy Commissioner of Customs, in each case, at the time of importation, indicating - (i) the total cost of the project; (ii) the cost of the project shared by such Ministry or Department or Council of Scientific and Industrial Research or Indian Council of Medical Research or Indian Council of Agriculture Research or....

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.... or Defence Research and Development Organisation or All India Council for Technical Education" 3[****] 4[2. Nothing contained in this notification shall have effect after the 6[31st March, 2029].]   ------------------ Notes 1. Omitted vide Not. 44/ 2017 - Dated 30-6-2017, w.e.f.1st day of July, 2017 before it was read as. "and from the whole of the additional duty leviable thereon un....