Concessional import duty rules require registration, bond without surety and excise intimation for specified exemption notifications. Rules limit concessional imports to exemption notifications that expressly apply; importer-manufacturers must register, submit an endorsed application for each import, execute a bond without surety for the differential duty (running bond permitted), and inform the Range Superintendent of receipt within two days. Standard forms are prescribed; Assistant Commissioners of Central Excise must countersign and endorse documents, conduct quarterly account checks and selective physical verifications, and recover duty and adjudicate in cases of short receipt or misuse.
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.
Concessional import duty rules require registration, bond without surety and excise intimation for specified exemption notifications.
Rules limit concessional imports to exemption notifications that expressly apply; importer-manufacturers must register, submit an endorsed application for each import, execute a bond without surety for the differential duty (running bond permitted), and inform the Range Superintendent of receipt within two days. Standard forms are prescribed; Assistant Commissioners of Central Excise must countersign and endorse documents, conduct quarterly account checks and selective physical verifications, and recover duty and adjudicate in cases of short receipt or misuse.
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