Customs exemption for kerosene used in N Paraffin extraction: initial partial duty payment, monthly certification, and duty adjustments. Kerosene imported by Linear Alkyl Benzene manufacturers for extraction of N Paraffin is exempt from customs duty limited to kerosene consumed in extraction and remnant kerosene sold to the Indian Oil Corporation Limited. Manufacturer importers must initially pay duty on a specified portion at import, maintain prescribed accounts, and submit monthly certified consumption and sale statements to the Assistant Commissioner of Central Excise. The ACCE will determine quantities consumed and sold, adjust the initial duty, order additional duty payable or refunds, and the manufacturer must pay any additional duty within three days, with interest for delay.
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Customs exemption for kerosene used in N Paraffin extraction: initial partial duty payment, monthly certification, and duty adjustments.
Kerosene imported by Linear Alkyl Benzene manufacturers for extraction of N Paraffin is exempt from customs duty limited to kerosene consumed in extraction and remnant kerosene sold to the Indian Oil Corporation Limited. Manufacturer importers must initially pay duty on a specified portion at import, maintain prescribed accounts, and submit monthly certified consumption and sale statements to the Assistant Commissioner of Central Excise. The ACCE will determine quantities consumed and sold, adjust the initial duty, order additional duty payable or refunds, and the manufacturer must pay any additional duty within three days, with interest for delay.
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