In exercise of the powers conferred by sub-clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and in supersession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.
Attention is invited to paragraph 1(i) and condition 5 of para 2 of Notification No. 29/97-Customs dated 1.4.1997 issued under Zero duty EPCG Scheme. In terms of para 1(i) to the notification, inter-alia CVD exemption is exemption is extended to capital goods for marine sector. In terms of condition(5) of para 2 of the notification, it is specified that zero duty benefit would be available if the
