Section 6
SEC. 6. Section eight of the same Act is amended to read as follows: "SEC. 8. Requirement prior to approval of exemption. — The exemption from special import tax, compensating tax, and tariff duties on machinery, spare parts and equipment granted to basic industries shall be made only when the Board, after investigation, find that (a) no machinery, spare parts and equipment of domestic manufacture are available in reasonable quantity and quality at reasonable prices; (b) the same machinery and equipment are directly and actually needed and will be used exclusively in the manufacture of articles by the grantee of exemption under this Act; and (c) the shipping documents covering the importation are in the name of the applicant firm to whom the goods shall be delivered directly by the customs authorities.