Investment Incentives Order, 2001 · s 111

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s 111

Ill Any machinery, equipment, CQmpQnent pa.rta a.nd Aecessorle'! lmpQrted under section 109 which are 1.1old, trttnl!lferred, mortgaged or otherwiae disposed of under section 110 shAll be su}:)ject to payment of customs duty imposed under the

Customa Act (Chapter 36).

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(2)

Por the purpose of determining the duty imposed under aubsectlon (1), all machinery, equipment, component pArts fmd aceenorles ahAll be usessed And valued by the Controller of Customs and duties shAll be payable on the atuteslied value.

Exemption from import dutle~ on raw material.