Imports against an advance customs clearance permit
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.... section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods imported into India, against an Advance Customs Clearance Permit (hereinafter referred to as the said permit) issued on or before 31st March, 1995 under para 58 of the Export and Import Policy 1 April 1992 - 31 March 1997, from the wh....
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....s are in the nature of patterns, drawings, jigs, tools, fixtures, moulds, tackles and instruments, such goods are re-exported along with the resultant products within the time allowed for discharge of export obligation under the said permit: Provided that such goods may be allowed to be retained subject to payment of customs duties leviable as on the date of import without allowing any depreciati....