Conditional Exemption to specified goods on their import into India and export out of India for execution of a contract -

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....-Customs 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 satisfied that it is necessary in the public interest so to do, hereby exempts the goods specified in column (1) of the Table annexed hereto, from the payment of so much of the customs duty leviable thereon as is specified in column (3) of the said Ta....

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....he ownership of the goods has not changed between the time of export and re-import. (i) In the case of goods on which any alterations, renovations, additions or repairs have been executed subsequent to their export, so much of 1[ duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), the integrated tax leviable thereon under sub-sec....