Customs exemption for medical-equipment spare parts limits payable duty and requires import undertakings, use evidence, and repayment on breach. Exempts spare parts (excluding populated printed circuit boards and ball bearings) imported for maintenance of specified medical equipment from customs duty in excess of a capped ad valorem rate of fifteen percent, subject to an undertaking at importation that the parts will be used for that purpose, production of satisfactory evidence of use within three months or an extended period, and repayment of the duty difference on demand in case of non compliance.
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 exemption for medical-equipment spare parts limits payable duty and requires import undertakings, use evidence, and repayment on breach.
Exempts spare parts (excluding populated printed circuit boards and ball bearings) imported for maintenance of specified medical equipment from customs duty in excess of a capped ad valorem rate of fifteen percent, subject to an undertaking at importation that the parts will be used for that purpose, production of satisfactory evidence of use within three months or an extended period, and repayment of the duty difference on demand in case of non compliance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
