DEPB issuance allowed without final customs assessment for drug formulations provisionally held over value-cap clarification, subject to a filing deadline. DEPB for drug formulations under Serial Nos.37 and 40 may be issued without final customs assessment where provisional assessment was solely for clarification on value caps; provisional assessments for any other reasons require final customs assessment. The concession follows a Revenue clarification that no value cap applied to those entries for exports prior to 2/11/2001 and is limited to applications submitted by the stated cut-off date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
DEPB issuance allowed without final customs assessment for drug formulations provisionally held over value-cap clarification, subject to a filing deadline.
DEPB for drug formulations under Serial Nos.37 and 40 may be issued without final customs assessment where provisional assessment was solely for clarification on value caps; provisional assessments for any other reasons require final customs assessment. The concession follows a Revenue clarification that no value cap applied to those entries for exports prior to 2/11/2001 and is limited to applications submitted by the stated cut-off date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
