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of <h1>Key Terms Defined in Customs Duties Rules 2017: Capital Goods, Import Date, Job Work, and More.</h1> The Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017, define key terms relevant to customs duties. The 'Act' refers to the Customs Act, 1962. 'Capital goods' are those capitalized in the importer's accounts. The 'common portal' and 'customs automated system' pertain to electronic systems for customs processes. 'Date of import' is when clearance is permitted. 'Exemption notification' is issued under section 25 of the Act. 'Job work' involves processing goods under exemption, excluding certain precious items. 'Jurisdictional Custom Officer' oversees imported goods' use. 'Manufacture' involves creating new products from raw materials. 'Output service' refers to services using imported goods, excluding after-sales service.
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