Exemption to tensilised polyester film [Ch. 39]

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...., being satisfied that it is necessary in the public interest so to do, hereby exempts Tensilised Polyester Film of thickness not exceeding 30 microns, falling within Chapter 39 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India for the purpose of manufacture of Magnetic tapes, from - (a) so much of that portion of the duty of customs leviable thereon w....

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....: Provided that this condition shall not apply in the case of goods imported against supplementary import licences; (ii) the importer furnishes an undertaking to the Assistant Collector of Customs, at the time of importation, to the effect that - (a) the said imported goods shall be used for the purpose specified above; and (b) the importer shall pay, on demand, in the event of his fai....