Notification

Ntf No. 74/1998-Cus Dated 9-10-98

Document type: Notification
Reference no.: A
Dated: 09 Oct 1998
Category: Tariff

EPCG - Zero Duty Scheme extended to engineering sector

CUSTOMS NOTIFICATION No.74/1998, Dated 9-10-98 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, 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. 29/97- Customs, dated 1st April, 1997, namely:

In the said notification, -

(a) in condition (2), in the second provison, for the words "poultry sericulture and bio-tech sectors", the words "poultry sericulture, bio-tech and engineering sectors" shall be substituted;

(b) in condition (5), in the first proviso, for the words "poultry sericulture and bio-tech sectors", the words "pouttry, sericulture, bio-tech and engineering sectors" shall be substituted;

(ii) in the Explanation, after clause (5), the following clause shall be added, namely:-

"(6) "product" for the purpose of engineering sector, meant,-

(a) machine tools, parts and accessories thereof;
(b) automotive components and accessories",
(c) bicycle parts and accessories;
(d) hand tools, cutting tools and small tools;
(e) castings and forgings (ferrous and non-ferrous), all sorts,
(f) pumps, electric motors and parts thereof,
(g) fastners, all types (ferrous and non-ferrous),
(h) bright bars and shafting,
(i) scientific and surgical instruments.

Ntf No. 74/1998-Cus Dated 9-10-98

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