Input duty credit may be utilised against duty on similar home-consumed products or refunded if adjustment is impossible. Amendment to rule 57F permits removal without payment of duty under bond of inputs or intermediate products for testing, repairs, refining, reconditioning or manufacture abroad, provided the items and any waste are returned for reuse. It further allows specified duty credit on inputs used in exported final or intermediate products to be utilised against duty on similar home-consumed final products, or refunded if adjustment cannot be made, subject to safeguards, conditions and limitations to be notified by the Central Government.
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.
Input duty credit may be utilised against duty on similar home-consumed products or refunded if adjustment is impossible.
Amendment to rule 57F permits removal without payment of duty under bond of inputs or intermediate products for testing, repairs, refining, reconditioning or manufacture abroad, provided the items and any waste are returned for reuse. It further allows specified duty credit on inputs used in exported final or intermediate products to be utilised against duty on similar home-consumed final products, or refunded if adjustment cannot be made, subject to safeguards, conditions and limitations to be notified by the Central Government.
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