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Containers of Durable Nature
Notification
No. 104 dated 16th March 1994
In
exercise of the powers conferred by sub-section (1) of Section 25 of the Customs
Act, 1962 (52 of 1962), the Central Government, being satisfied that it is
necessary in the public interest so to do, hereby exempts containers which are
of durable nature, falling within the First Schedule to the Customs Tariff Act,
1975 (51 of 1975), when imported into India, from,-
(a)
the whole of the duty of customs leviable thereon under the said First Schedule;
and
(b)
the whole of the additional duty leviable under section 3 of the said Customs
Tariff Act:
Provided
that the importer, by execution of a bond in such form and for such sum as may
be specified by the Assistant Commissioner of Customs binds himself to re-export
the said containers within six months from the date of their importation and to
furnish documentary evidence thereof of the satisfaction of the said Assistant
Commissioner and to pay the duty leviable thereon in the event of the
importer�s failure to do so:
Provided
further that in any particular case, the aforesaid period of six months may, on
sufficient cause being shown, be extended by the said Assistant Commissioner for
such further period, as he may deem fit.
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