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 14th 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 14th November, 1995, namely :-
In the said notification,-
A. 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:-
2. Goods are re-exported within one year of the date of reimportation;
3. The Assistant/Deputy Commissioner of Customs is satisfied as regards identity of the goods;
4. 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".
B. after the Table, the following Annexure shall be added, namely:-
Annexure
1.
2.
3.
4.
5.
8517
6.
7.
8.
8525
9.
8526
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
9022
21.
9027
22.
23.
9030
24.
9032
(Gunjan Kumar Verma)
Under Secretary to the Government of India
Note: The principal notification No. 158/95-Customs, dated the 14th November, 1995 was published in the Gazette of India, Extraordinary, Part II, Section-3, Sub-section (i), vide number G.S.R.744(E), dated the 14th November, 1995 and last amended by notification No. 43/2017-Customs, dated the 30th June, 2017, vide number G.S.R. 778 (E), dated the 30th June, 2017.