[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. 27/2008-Customs
New Delhi, the 1st March, 2008
11 Phalguna, 1929 (Saka)
- 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 amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 27/2002- Customs, dated the 1st March, 2002 which was published in the Gazette of India, Extraordinary, vide number G.S.R.124(E) of the same date, namely:-
In the said notification, for the TABLE, the following TABLE shall be substituted, namely:-
“TABLE
| Description of goods |
Limitations and conditions | Extent of exemption |
| (1) | (2) | (3) |
| within the aforesaid extended period; | customs as is in excess of the | |
| (b) to produce the goods before | amount calculated at the rate of | |
| the Assistant Commissioner of | thirty five per cent.; | |
| Customs or the Deputy | (vi) goods which are re-exported | |
| Commissioner of Customs for | after fifteen months, but within | |
| identification before re-export; | eighteen months, of the date of | |
| (c) to pay the balance of duty, along | import, so much of the duty of | |
| with interest, at the rate fixed by | customs as is in excess of the | |
| notification issued under section | amount calculated at the rate of | |
| 28AB of the Customs Act, 1962, for the period starting from the date of | forty per cent.,
of the aggregate of the duties of |
|
| import of the said goods and ending | customs, which would be leviable | |
| with the date on which the duty is | under the Customs Act, 1962 or | |
| paid in full, if the re-export does not | under any other law, read with any | |
| take place within the stipulated | notification for the time being in | |
| period | force in respect of the duty so chargeable. |
Note: The goods imported under this concession shall not be eligible for drawback under subsection (2) of section 74 of the Customs Act, 1962.”.
[F.No.334/1/2008-TRU]
(S. Bajaj)
Under Secretary to the Government of India
Note: The principal notification No. 27/2002-Customs, dated the 1st March, 2002 was published in the Gazette of India, Extraordinary, vide G.S.R. 124(E), dated the 1st March, 2002.
