EOUs – Exemption – Import of spares by Granite Units
The list of items mentioned in Annexure V to the Notification No. 52/2003 can be imported duty free for the purposes of quarrying of granite by export oriented undertaking engaged in processing and manufacture or production of articles of granite for export.
Sl. No. 31 of the list is - Spares up to 5% value of respective goods specified at Sl. No 1 to Sl No 29.
This is now more clearly stated as Spares upto a value of 5 percent of the value of respective goods specified at Sl.No.1 to Sl.No . 29 in each financial year
Similar amendment has been made in Notification No. 22/2003 – CE
Notification NO. Dated: February 23, 2009 and Notification NO. Dated: February 23, 2009