TaxTMI 
TaxTMI 
Amendment to Notification No. 140/91-Cus. - G.E. No. 115
X X X X Extracts X X X X
X X X X Extracts X X X X
....ning with the words, brackets and figures "In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962)" and ending with the words "subject to the following conditions, namely" the following shall be substituted, namely :- "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 goods specified in the Table below (hereinafter referred to as the goods) when imported into India for the purpose of development of software, data entry and conversion, data processing, data analysis and control or data management for export out of India, by a....
X X X X Extracts X X X X
X X X X Extracts X X X X
....he goods for the period stipulated by the Standing Committee or such extended period as may be specified by the Standing Committee;"; (d) in condition (4), - (i) in clause (a), for the words "development of software", the words, "development of software, data entry and conversion, data processing, data analysis and control or data management" shall be substituted; (ii) in clause (c), for the words "software developed", the words "software developed, data entry and conversion done, data processed, data analysed and controlled or data management done" shall be substituted; (e) for the condition (9), the following condition shall be substituted; namely : "(9) Notwithstanding anything contained in this notification, the exemption contained....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ntered and converted, data processed, data analysed and controlled or data management done by any other software development, data entry and conversion, data processing, data analysis and control or data management unit"; (h) in condition (13), for the words, "development of software" the words "development of software, data entry and conversion, data processing, data analysis and control or data management" shall be substituted; (2) for paragraph 2, the following shall be substituted, namely : "2. Notwithstanding anything contained in paragraph 1, in the case of a unit engaged in the development of computer software, data entry and conversion, data processing, data analysis and control or data management, the exemption contained therein....