Concessional duty removal: application requires undertaking to use goods for specified manufacture and bond to pay differential duty. The application requires identification of goods, notified basis for concession, estimated quantity and value, and duty calculations. The applicant ... Summary
Concessional duty removal: application requires undertaking to use goods for specified manufacture and bond to pay differential duty.
The application requires identification of goods, notified basis for concession, estimated quantity and value, and duty calculations. The applicant undertakes to use the goods for the specified manufacturing purpose, comply with notification conditions, and to pay on demand the difference between the duty leviable but for the concession and that paid at removal in case of breach. An executed bond must accompany the application and the Deputy/Assistant Commissioner's endorsement certifies acceptance and entry in the Bond Register.
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