2.55
- Document type
- Procedure
- Reference no.
- O
- Dated
Duty Free Import of R&D Equipment for Pharmaceuticals and Bio-technology Sector
2.55
Duty Free Import of R&D Equipment for Pharmaceuticals and Bio-technology Sector
(a) Duty free import of goods (as specified in list 28 of Customs notification No.21/2002 dated 1.3.2002, as amended from time to time) upto 25% of FOB value of exports during preceding licensing year, shall be allowed.
(b) The eligible unit may furnish an application given in Appendix-15A to RA concerned duly countersigned by Chartered Accountant.
(c) In respect of duty free import of R&D equipment, units not registered with Central excise shall be allowed to give Installation Certificate issued by an independent Chartered Engineer