Customs duty exemption for backing materials limits chargeable duty above specified ad valorem for manufacturing use, subject to bond. Exemption from customs duty is provided for backing paper and backing board imported for manufacture of coated abrasives by relieving that portion of duty in the First Schedule which exceeds 35 per cent ad valorem. The exemption is subject to a bond, prescribed by the Assistant Collector of Customs, under which the importer must pay on demand the difference between duty chargeable absent the exemption and duty paid at importation for any quantity not proved to have been used for the specified manufacturing purpose.
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.
Customs duty exemption for backing materials limits chargeable duty above specified ad valorem for manufacturing use, subject to bond.
Exemption from customs duty is provided for backing paper and backing board imported for manufacture of coated abrasives by relieving that portion of duty in the First Schedule which exceeds 35 per cent ad valorem. The exemption is subject to a bond, prescribed by the Assistant Collector of Customs, under which the importer must pay on demand the difference between duty chargeable absent the exemption and duty paid at importation for any quantity not proved to have been used for the specified manufacturing purpose.
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