Notification of chassis bodies export under bond clarifies registration, bond obligations, movement permissions and input credit treatment. Rule 191(B) clarifies that built-up motor vehicles are excluded from small scale exemption while body manufacturers alone may qualify; registration may be granted with a general description of vehicle types and the entire premises may be treated as manufacturing area. Body builders must execute a bond equal to twice the excise duty on chassis obtained in any month, and exporters must execute a bond equal to the duty on the finished vehicle less twice the chassis duty. Movement between body-building sites may be permitted by the Collector and input duties are available as credit or refund.
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.
Notification of chassis bodies export under bond clarifies registration, bond obligations, movement permissions and input credit treatment.
Rule 191(B) clarifies that built-up motor vehicles are excluded from small scale exemption while body manufacturers alone may qualify; registration may be granted with a general description of vehicle types and the entire premises may be treated as manufacturing area. Body builders must execute a bond equal to twice the excise duty on chassis obtained in any month, and exporters must execute a bond equal to the duty on the finished vehicle less twice the chassis duty. Movement between body-building sites may be permitted by the Collector and input duties are available as credit or refund.
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