Notification no. 132/2004, Dated 25 Nov 2004

25th November, 2004

Notification No.132/2004-Customs (N.T.)

In exercise of the powers conferred  by  sub-section (2) of  section 61 of the Customs Act, 1962 (52 of 1962) (hereinafter referred to as said Act) and in supersession  of the notification of Central Board of Excise and Customs, No 67/95 (NT)- CUSTOMS, dated  the  1^st  November, 1995 vide number S.O.870  (E), dated the 1^st November, 1995, the Central Board of Excise  and  Customs , being satisfied  that it is necessary so to do  in the public interest, hereby exempts  interest accrued on the customs duties payable  on the  capital goods, components and  spares of capital goods and material handling equipments( fork-lifts, overhead cranes, mobile cranes, crawler cranes, hoists and stackers), office equipments, captive power plants including captive generating sets, spares of captive power plants and captive generating sets, tools, jigs, gauges, fixtures, moulds, dies instruments and accessories,( other than raw  materials , components and consumables) authorised to be    imported  by  an  export oriented undertaking or an  Electronic Hardware Technology Park (EHTP)  unit or a Software Technology Park (STP)  Unit and  warehoused under Chapter IX of the said Act, at the time  of clearance  from Customs Bonded Warehouses  under section 68 of the  said  Customs Act.

Explanation.- For the purposes of this notification,

(i)    “ Electronic Hardware Technology Park (EHTP) unit” means  a unit established under and in accordance  with the Electronic Hardware Technology Park Scheme notified by the Government of India in the Ministry of Commerce, vide, notification No. 5(RE-95)/92-97, dated  the 30^th April, 1995 and approved by  the Inter Ministerial Standing Committee;

 (ii)  “export oriented  undertaking” has the same meaning  as assigned to “ hundred per cent export oriented undertaking” in clause (ii) to the  Explanation 2 to  sub-section (1) of  section 3 of the Central Excise Act, 1944(1 of 1944); and

(iii) “ Software Technology  Park (STP) unit ” means  a unit established under and in accordance  with the  Scheme notified by the Government of India in the Ministry of Commerce, vide, notification No. 4/(RE-95/92-97), dated the 30^th April, 1995 and approved by  the Inter Ministerial Standing Committee.

F. No  305/25/2004-FTT

V.Kezo
Under Secretary to the Government of India