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of <h1>Exemption on Kerosene for N-Paraffin Extraction: Customs Duties Adjusted for Manufacturers Until 2022.</h1> This notification, effective from February 28, 1999, and rescinded on February 2, 2022, exempts certain goods, specifically kerosene, imported by manufacturers of linear alkyl benzene for extracting N-Paraffin, from customs duties. The exemption applies to kerosene consumed in the extraction process, with a 5% ad valorem duty, and kerosene sold to the Indian Oil Corporation Limited at nil duty. Manufacturers must pay duty on 85% of imported kerosene initially and maintain detailed records. Monthly reports are required, and any additional duties or refunds are determined by customs authorities. Delays in duty payment incur a 36% annual interest.
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