Customs duty exemption for specified electronic inputs reduces import duty when used in manufacture, subject to undertaking and certification. The notification exempts specified imported electronic inputs from customs duty to a capped ad valorem rate when imported for manufacture of identified finished electronic goods, requiring for certain listed inputs an undertaking at import, production of a central excise certificate of use within a prescribed period, and payment of the duty differential on failure to comply.
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 specified electronic inputs reduces import duty when used in manufacture, subject to undertaking and certification.
The notification exempts specified imported electronic inputs from customs duty to a capped ad valorem rate when imported for manufacture of identified finished electronic goods, requiring for certain listed inputs an undertaking at import, production of a central excise certificate of use within a prescribed period, and payment of the duty differential on failure to comply.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
