TaxTMI 
TaxTMI 
Components in CKD and SKD from of fuel-efficient motor cars of engine capacity not exceeding 1000 CC
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....of 1975), when imported into India, for the manufacture of fuel-efficient motor car of engine capacity not exceeding 1000 cubic centimetres, from - (a) so much of the duty of customs which is leviable thereon which is specified under the said First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as is in excess of the amount calculated at the rate of 40 per cent ad valorem; and (b) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act, subject to the following conditions, namely :- (i) the exemption contained herein shall be applicable only to those components (including components of fuel-efficient motor cars in semi-knocked down packs and completely knocked down packs) which are covered ....
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....es of the place of manufacture within a period of 3 months or such extended period as the Assistant Collector of Customs may allow; and (d) he shall pay on demand, in the event of his failure to comply with (a), (b) or (c) above, an amount equal to the difference between the duty leviable on such quantity of the said imported goods but for the exemption contained herein and that already paid at the time of importation; and (iv) the importer produces a certificate from the Industrial Adviser in the Directorate General of Technical Development showing the details of the degree of indigenisation required to be achieved under the aforesaid programme and the actual degree of indigenisation achieved in the preceding financial year and in a case....
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....with a payload of 300 kilograms; (b) for the purpose of measuring the engine capacity of a motor car, the cubic centimetre of the engine shall be rounded off to the nearest multiple of 10 (as per IS : 2); (c) the fuel efficiency test shall be conducted using petrol having an octane level not exceeding 87; (d) the fuel efficiency test shall be carried out on a selected level test track at a steady speed of 50 kilometres per hour for a minimum stretch of one kilometre and the average of 20 runs, comprising of 10 runs in each direction, shall be taken for carrying out the test and test figures shall be corrected to sea level altitude and to + 25°C ambient temperature; (e) the fuel efficiency test shall be conducted on two motor cars selec....