21. Specialised
furniture/fixtures which are appendages to Capital
Goods, will be permitted to be imported as Capital
Goods.
22. Specialised
air-conditioning equipment declared through a LUT
self-declaration as equipment required for clean-air
environment, will be permitted to be imported as
Capital Goods.
23. All Data Communication
products manufactured in the country and supplied
against Data Communication products will be granted
deemed export status by adding the word, 'Data
Communication' in para 10.2(G) in the EXIM Policy.
24. All IT Products and their
parts imported for manufacturing will be exempted
from special additional duty (SAD) with immediate
effect.
25. Full (100 percent) MODVAT
Credit will be allowed for all S-BIT Units.
26. A clarification will be
issued by CBEC that services tax is not applicable on
IT products and IT services
27. All S-BIT units
manufacturing IT products including Electronic
Components and Data communication equipment/parts
will be exempted from Income Tax for a period of six
years, provided the unit commences production by 1
January 2000. This exemption applies also for
existing units who convert into S-BIT units by 1
January 2000.
28. Import of gold bonding wire
upto 2 mil thickness will be allowed duty free and
without need for SIL by Semiconductor/Integrated
Circuits manufacturers, provided its price by weight
is atleast 15 percent above the prevailing price of
24 Carat gold.
