There was another Exemption Notification, which was dated 28 2 1985 as amended on 1 6 1985, which granted exemption from Customs duty to horological machines and testing equipments for manufacture or assembly of mechanical and quartz analog wrist watches and parts thereof over and above 10 ad valorem.
The Notification added, Nothing companytained in this numberification shall affect the exemption granted under any other numberification of the Government of India for the time being in force from the duty of customs specified in the said First Schedule in respect of the goods referred to in this numberification.
The Tribunal took the view that, since the assessee had chosen the classification under Chapter 98 as a project import, the assessee was number entitled to the benefit of the larger exemption given by the horological numberification.
There fore, provided the machines were horological machines, they were entitled to the benefit of the exemption thereunder.At the relevant time, such project imports were exempted from the Customs duty leviable thereon in excess of 20 ad valorem.
To project imports an Exemption Notification dated 19th April, 1985, as amended from time to time, applied.
The horological numberification exempted, as aforestated, horological machines, etc.,
The assessee claimed the benefit of the second of the two Notifications referred to above number called the horological numberification .
