Amends notification no. 52/2003 - Exemption to specified goods imported or procured by EOU's, STP Units, EHTP units etc. for specified purposes

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....se 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 makes the following further amendments in the notification  of the Government of India in the Ministry of Finance (Department of Revenue), No. 52/2003-Customs, dated  the 31st March, 2003, p....

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.... or where generation of waste, scrap and remnants is beyond 2% of the input quantity, use of such goods shall be allowed on the basis of self-declared norms till such norms are fixed on ad hoc basis by the jurisdictional Development Commissioner within a period of three months from the date of self declared norms and the unit shall undertake to adjust the self-declared/ ad hoc norms in accordance ....

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....f debonding or clearance, as the case may be.", the following shall be substituted, namely:- "such clearance or debonding of capital goods may be allowed on payment of duty on the depreciated value thereof and at the rate in force on the date of debonding or clearance, as the case may be, if the unit has fulfilled the positive NFE criteria taking into consideration the depreciation allowable on....

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....sp;                                                     (F.No: DGEP/FTP/13/2008-EOU & G&J)          &n....