Exemption to import of specified goods for use in aquaculture farm and export of acquaculture products produced therefrom

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.... aquaculture farm in connection with the operational requirements of such acquaculture farm and for export of aquaculture products produced from such goods (hereinafter referred to as the said purpose) by hundred per cent export oriented undertakings approved by the Board of Approvals for hundred per cent Export Oriented Undertakings, appointed by the notification of the Government of India in the former Ministry of Industry and Civil Supplies (Department of Industrial Development) No. S.O. 163(E)/ RLIU/10 (2) 76, dated the 3rd March, 1976 (hereinafter referred to as the Board), from the whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and the additional duty, if any leviabl....

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.... may be specified for this purpose in the Export and Import Policy April 1992 - March 1997, published under the Ministry of Commerce, Public Notice No. 1-ITC (PN)/92-97, dated the 31th March 1992 (hereinafter referred to as the Export and Import Policy); (6) notwithstanding anything contained in this notification the exemption contained herewith shall also apply to those goods which on importation into India are used for the purpose of production of acquaculture products within hundred per cent Export-Oriented undertakings approved by the Board and such products (including rejects, waste and scrap material arising in the course of production) even if not exported out of India, are allowed to sold in India, under and in accordance with th....

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....uch duty; (b) such clearance of goods (including containers suitable for repeated use) other than those specified in clause (a), may be allowed on payment of customs duty on the value at the time of import and at rates in force on the date of payment of such customs duty; (c) such clearance of used packing materials such as cardboard boxes, polythelene bags of a kind unsuitable for repeated use may be allowed without payment of any customs duty; Provided that the importer shall not be eligible to avail of the exemption applicable to goods falling under heading 98.01 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), or the exemption available to goods imported under the Export Promotion Capital Goods (EPCG) Scheme ....