Customs exemption amendments expand and modify tariff entries and conditions for specified goods, altering duty treatment and import requirements. Amendment revises the 2012 Customs exemption notification by inserting and substituting multiple tariff table entries and duty rates for specified HS headings and goods, clarifying product descriptions and concessional treatments, and adding new serial entries including inputs for manufacturing, specialty extracts, and components for wind generators and LED production. It further amends Annexure conditions to cap import value relative to prior exports, adds a certification requirement for monofilament long line tuna-fishing imports, allows disposal on depreciated value for certain petroleum-related exempted goods, and omits an item from List 5.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption amendments expand and modify tariff entries and conditions for specified goods, altering duty treatment and import requirements.
Amendment revises the 2012 Customs exemption notification by inserting and substituting multiple tariff table entries and duty rates for specified HS headings and goods, clarifying product descriptions and concessional treatments, and adding new serial entries including inputs for manufacturing, specialty extracts, and components for wind generators and LED production. It further amends Annexure conditions to cap import value relative to prior exports, adds a certification requirement for monofilament long line tuna-fishing imports, allows disposal on depreciated value for certain petroleum-related exempted goods, and omits an item from List 5.
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