Statutory refund interest requires correction of short computation and compensation where admitted interest remains unpaid through administrative dela...
Conditional customs exemption for warehoused lithium-ion cells requires compliance with the Import of Goods at Concessional Rate of Duty Rules and prescribed end-use conditions from the import stage. Although duty on warehoused goods is assessed when the ex-bond Bill of Entry is presented, this does not permit a later shift to a conditional concessional entry where the goods were initially warehoused under a residual entry without those conditions. Lithium-ion cells imported under Serial No. 325 and used to manufacture cellular-mobile-phone battery packs therefore cannot claim the Serial No. 320 concession at ex-bonding unless the mandatory IGCR requirements were met from import.
Conditional customs exemption for warehoused lithium-ion cells requires compliance with the Import of Goods at Concessional Rate of Duty Rules and prescribed end-use conditions from the import stage. Although duty on warehoused goods is assessed when the ex-bond Bill of Entry is presented, this does not permit a later shift to a conditional concessional entry where the goods were initially warehoused under a residual entry without those conditions. Lithium-ion cells imported under Serial No. 325 and used to manufacture cellular-mobile-phone battery packs therefore cannot claim the Serial No. 320 concession at ex-bonding unless the mandatory IGCR requirements were met from import.
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