Exemption conditions: jobbing must follow import-at-concessional-duty rules and cottage industries must execute bond for duty liability. The amendment requires jobbing on imported goods for export orders to be undertaken in accordance with the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996. Where jobbing is carried out by or through cottage industry without fixed premises, the importer must execute a bond with such surety, security, form and sum as specified by the Assistant Commissioner of Customs, binding to pay on demand duty equal to that leviable but for the exemption if notification conditions are not complied with.
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Provisions expressly mentioned in the judgment/order text.
Exemption conditions: jobbing must follow import-at-concessional-duty rules and cottage industries must execute bond for duty liability.
The amendment requires jobbing on imported goods for export orders to be undertaken in accordance with the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996. Where jobbing is carried out by or through cottage industry without fixed premises, the importer must execute a bond with such surety, security, form and sum as specified by the Assistant Commissioner of Customs, binding to pay on demand duty equal to that leviable but for the exemption if notification conditions are not complied with.
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