Exemption to consumable goods imported by public funded research institutions

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....(52 of 1962), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 424/86-Customs, dated the 28th August, 1986, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts consumable goods required for the purposes of research when imported into India by any public-funded research ....

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.... the consumable goods would be used only for the purposes of research; and (iii) that the value of consumable goods, in respect of which the exemption is claimed under this notification including the value of consumable goods in respect of which the exemption, if any, has already been availed of under this notification in the same financial year, does not exceed rupees five lakhs. (2) for the co....

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....inistry or Department administratively concerned with the said public-funded research institution, certifies in each case that the consumable goods in respect of which the exemption is claimed are such as are required in the research activity of the public-funded research institution and the instit­ution is not engaged in any commercial activity and recommends the grant of exemption under this....