Newsprint duty exemption expanded: product-specific customs relief and excise relief tied to registered mills supplying registered newspapers. Amendments make customs exemptions for newsprint product-specific so eligible newsprint is fully exempt from basic and additional customs duty without prior end use conditions, and extend full exemption to certain mechanical wood pulp paper within the specified paper subheading. Excise exemptions previously tied to import entitlement certificates are replaced: newsprint is exempt from excise duty when manufactured by a mill registered under Schedule 1 of the Newspaper Control Order, 1962 and supplied to a newspaper against its purchase order, with 'newspaper' defined under the Press and Registration of Books Act, 1867.
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Newsprint duty exemption expanded: product-specific customs relief and excise relief tied to registered mills supplying registered newspapers.
Amendments make customs exemptions for newsprint product-specific so eligible newsprint is fully exempt from basic and additional customs duty without prior end use conditions, and extend full exemption to certain mechanical wood pulp paper within the specified paper subheading. Excise exemptions previously tied to import entitlement certificates are replaced: newsprint is exempt from excise duty when manufactured by a mill registered under Schedule 1 of the Newspaper Control Order, 1962 and supplied to a newspaper against its purchase order, with "newspaper" defined under the Press and Registration of Books Act, 1867.
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