Notification no 60/2018 Customs date on 11th September, 2018

seeks to amend notification No. 158/95-Customs dated 14th November, 1995 to allow re-import of certain indigenously manufactured electronic goods, for repair and reconditioning within seven years from the date of exportation, without payment of basic customs duty subject to the condition that the goods are re­-exported back after repair and reconditioning within one year from the date of re-importation. 

The extract of CUSTOMS Notification No. 60/2018- CUSTOMS is given below:

 Notification No. 60/2018-CUSTOMS

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 60/2018 – Customs

New Delhi, the 11^th September, 2018

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), and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), 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. 158 / 95-Customs, dated the 14^th November, 1995, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 744(E), dated the 14^th November, 1995, namely :-

In the said notification, 

1. In the Table,

(i)    against serial number 1, in column (2), after the word "reconditioning", the words “, other than the goods specified in Annexure " shall be inserted; 

(ii)  after serial number 2 and the entries relating thereto, the following serial number and entries shall be added, namely:- 

1.   The importers at the time of importation executes a bond undertaking to – 

(a) export the goods after repairs or reconditioning within the period as stipulated;

(b)  pay, on demand, in the event of his failure to comply with any of the aforesaid conditions, an amount equal to the difference between the duty levied at the time of re-import and the duty leviable on such goods at the time of importation but for the exemption contained herein”. 

1. after the Table, the following Annexure shall be added, namely:-

  ^1.              8443 31 00           Machines which perform two or more of the functions of printing, copying or facsimile transmission, capable of connecting to an automatic data processing machine or to a network

   ^2.            8471 30,

              8471 49 00,           Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data on to data media in coded form and machines 

 ^10.        8528 62 00      Projectors: Capable of directly connecting to and designed for use with an automatic data processing machine of heading 8471

 ^11.        8528 71 00     Reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus:

                                 Not designed to incorporate a video display or screen

[F.No. 356/13/2014-TRU (Pt)] 

(Gunjan Kumar Verma)

Under Secretary to the Government of India