Capital goods, components and spares thereof imported under EPCG Scheme - Amendment to Notification No. 29/97-Cus.

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....owers conferred by sub-section (1) of section 25 of 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. 29/97-Customs, dated the 1st April, 1997, namely :- 1. In the said notifi....

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.... Rs. ten lakhs or more but less than twenty crores, where the licence is issued with an obligation to export products of software sector, the export obligation shall be required to be discharged in six years from the date of issue of licence and the proportion of total export obligation for the block of 1st and 2nd year, 3rd and 4th year, and 5th and 6th year respectively be 15%, 35% and 50%." 2.....