Software - Specified goods imported for purpose of development of software for export - Amendment to Notification No. 138/91-Cus.

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....nce, Department of Revenue No. 138/91-Cus., dated the 22nd October, 1991, nemely :- In the said notification, - (i) In the opening paragraph, - (a) for the portion beginning 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 imp....

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....undred per cent or such other percentage as may be fixed by the Standing Committee, of software developed, data entry and conversion done, data processed, data analysed and controlled or data management done wholly or partly from the 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), after the words "development of software" the following words shall be inserted, namely :- "data entry and conversion, data processing, data analysis and control or data management."; (ii) for clause (c), the following clause shall be substituted, namely :- "(c) to export out of India all software developed, data entry and....

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....3 of the Central Excises and Salt Act, 1944 (1 of 1944); provided that such sale of software, data entry and conversion, data processing, data analysis and control or data management within India shall not be allowed through data communication link or telecommunication link;"; (f) in condition (10), for the words "or the software developed", the following words shall be substituted, namely :- "or, the software developed, data entered and converted, data processed, data analysed and controlled or data management done"; (g) For condition (12), the following condition shall be substituted, namely :- "(12) The telematic insfrastructure equipment, if any, imported by the importer may also be utilised for the export of software develo....