Notification No. 113/2003-Cus Dated 22-07-2003

Exemption on castor oil cake when manufactured from indigenous castor oil seeds on indigenous plant and machinery by a unit in SEZ.- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with sub-section (6) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts castor oil cake falling under item 23 06 9017 of the First Schedule to the said Customs Tariff Act, when manufactured from indigenous castor oil seeds on indigenous plant and machinery by a unit in special economic zone, which was in existence prior to the 1st day of November, 2000 and brought to domestic tariff area in accordance with the provisions of Foreign Trade Policy, from the whole of the duty of customs leviable thereon under the said First Schedule and the additional duty, if any, leviable thereon under section 3 of the said Customs Tariff Act,

2. This notification shall come into force on and from the *11th day of May, 2004.

(Bold letters above has been substituted by Notification No. 45/2004 dated 28-2-2004

Explanation. - For the purposes of this notification,-

(i) “Export-Import Policy” means the Export and Import Policy, 2002-2007 published by the Government of India in the Ministry of Commerce and Industry vide notification No. 1 (RE-2003), dated the 31^st March  2003, as amended from time to time.

(ii) “special economic zone” means the special economic zone as specified in the notification issued under section 76A of the Customs Act, 1962 ( 52 of 1962).

as amended by Notification Nos.129/2003 dated 14-8-2003, 151/03 dated 14-10-2003, 169/2003 dated 29-11-2003, 180/2003 dated 31-12-2003, 45/2004 dated 28-2-2004, 50/2004 dated 31-3-2004,  58/2004 dated 30-4-2004 and 87/2004 dated 6-9-2004.