2.55.1

Duty Free Import of R&D Equipment for Pharmaceuticals and Bio-technology Sector

(a) Duty free imports of goods as specified in list 28A of Customs notification No. 21/2002 dated 1.3.2002, upto 1% of FOB value of exports made during preceding licensing year, shall be allowed to agro chemicals sector unit having export turnover of Rs. 20 crore or above during preceding licensing year.

(b) The eligible unit shall apply in form given in Appendix-15B 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.