GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NOTIFICATION No. 54/2015-Customs
New Delhi, the 24th November, 2015
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of
section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on
being satisfied that it is necessary in the public interest so to do, hereby
makes the following further amendments in the notification of the Government of
India, in the Ministry of Finance (Department of Revenue),
No. 12/2012- Customs,
dated the 17th March, 2012, published in the Gazette of India, Extraordinary,
Part II, Section 3, Sub-section (i), vide number G.S.R. 185(E), dated the 17th
March, 2012, namely:-
In the said notification, in the Table,-
(i) in serial number 469, in column (3), the following Explanation shall be
inserted, namely:-
Explanation.- Nothing contained in this exemption shall have effect on or after
the 24th day of November, 2015.;
(ii) after serial number 469 and the entries relating thereto, the following
serial number and the entries shall be inserted, namely:-
| 469A |
Any Chapter |
Raw materials and parts, for use in the manufacture of goods falling
under heading/tariff item 8901, 8902, 8904 00 00, 8905 (except tariff
item 8905 20 00) or 8906
Explanation.- For the purposes of this entry, it is clarified that in
the case of raw materials and parts already imported under S.No.469
above and lying unutilized,-
- the unit will furnish a separate bond to the jurisdictional Deputy
Commissioner of Central Excise or the Assistant Commissioner of Central
Excise, as the case may be, giving details of such goods and also
undertake to utilize the same for manufacture of goods falling under
heading/tariff item 8901, 8902, 8904 00 00, 8905 (except tariff item
8905 20 00) or 8906; and
- in the event of failure to use such goods for the specified purpose, the
unit shall pay on demand, an amount equal to the duty payable on such
goods but for the exemption under this notification.
|
Nil |
Nil |
5; |
[F.No. 354/166/2014-TRU]
(K. Kalimuthu)
Under Secretary to the Government of India
Note.- The principal
notification No. 12/2012-Customs, dated the 17th March,
2012 was published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), vide number G.S.R. 185(E), dated the 17th March, 2012 and was
last amended vide
notification No. 52/2015-Customs, dated the 20th November,
2015, published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), vide number G.S.R. 892 (E), dated the 20th November, 2015.
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