Exemption to specified goods imported for purpose of development of software for export

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....are development units under the Software Technology Parks Hundred per cent Export Oriented Scheme, approved by the Inter-Ministerial Standing Committee on Mini-Computer/Micro-Computer based items and Computer Software (hereinafter referred to as the Standing Committee) appointed by the notification of the Government of India, Department of Electronics, No. 12 (38)-Comp/89, dated the 13th August, 1991 [G.S.R. No. 526 (E)] 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, leviable thereon under Section 3 of the second mentioned Act, subject to the following conditions namely : - (1) the importer has been granted necessary licence for....

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....iated value at rates prevalent at the time of import; and (b) customs duty on unused imported raw materials or components on the value at the time of import and at rates in force at the time of clearance; (7) the importer executes a bond in such form and for such sum and with such authority as may be prescribed by the Assistant Collector of Customs, binding himself to fulfil the export obligations and conditions stipulated in this notification, and in or under the Import and Export Policy, for April, 1990 - March, 1993, published under the Ministry of Commerce, Public Notice No. 1-ITC (P.N.)/90-93, dated the 30th March, 1990 (hereinafter referred to as the said Import and Export Policy), as amended from time to time, and conditions fo....