Exemption for export oriented units: duty free import of specified inputs subject to licence, bonds, use, records and conditions. Customs duty and any additional duty are exempted on specified imported goods used in production, manufacture or packaging of listed export articles by approved hundred percent export oriented undertakings, subject to import licence, Development Commissioner and Assistant Collector bonds/certificates, prescribed use and export obligations for a specified period, maintenance and submission of prescribed accounts, and conditional permissions for re export, temporary removal, or transfer; clearance to domestic locations is subject to payment of duty on depreciated or import value as prescribed, and domestic sale under Export Import Policy attracts excise or equivalent customs duty as applicable.
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.
Exemption for export oriented units: duty free import of specified inputs subject to licence, bonds, use, records and conditions.
Customs duty and any additional duty are exempted on specified imported goods used in production, manufacture or packaging of listed export articles by approved hundred percent export oriented undertakings, subject to import licence, Development Commissioner and Assistant Collector bonds/certificates, prescribed use and export obligations for a specified period, maintenance and submission of prescribed accounts, and conditional permissions for re export, temporary removal, or transfer; clearance to domestic locations is subject to payment of duty on depreciated or import value as prescribed, and domestic sale under Export Import Policy attracts excise or equivalent customs duty as applicable.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
