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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Import Duty Exemption Requires Compliance with Rule 8; Non-compliance Triggers Recovery under Section 28AB of Customs Act.</h1> The Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996, under Rule 8, mandates that the Assistant Commissioner or Deputy Commissioner of Central Excise ensures imported goods are used for their intended purpose or re-exported as per Rule 7A. If not, they must recover the difference between the duty exempted and the duty payable without exemption, along with interest as specified under Section 28AB of the Customs Act, 1962. This recovery covers the period from importation to the full payment of the duty difference.
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