Interest exemption on customs duty accruals for warehoused goods cleared by hundred percent export oriented and park units. Exemption of interest accrued on customs duties is granted for specified goods cleared from customs bonded warehouses when imported for use by hundred percent export oriented units and by units in Electronics Hardware Technology Parks and Software Technology Parks. Covered goods include capital goods, components and spares, material handling equipment, permissible office equipment as approved by competent authorities, captive power plant equipment and spares, and tools, jigs, gauges, fixtures, moulds, dies, instruments and accessories.
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.
Interest exemption on customs duty accruals for warehoused goods cleared by hundred percent export oriented and park units.
Exemption of interest accrued on customs duties is granted for specified goods cleared from customs bonded warehouses when imported for use by hundred percent export oriented units and by units in Electronics Hardware Technology Parks and Software Technology Parks. Covered goods include capital goods, components and spares, material handling equipment, permissible office equipment as approved by competent authorities, captive power plant equipment and spares, and tools, jigs, gauges, fixtures, moulds, dies, instruments and accessories.
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