Effective rate exemption for specified imported inputs limits customs duty to a reduced ad valorem rate for manufacture, subject to safeguards. The notification limits customs duty on specified imported inputs used in manufacture by exempting duty in excess of an effective ad valorem rate for items listed in an annexed Table, provided importers comply with prescribed safeguards: List B imports require an undertaking and a central excise certificate of use with payment on demand of any duty shortfall; List C imports require technical recommendation and an executed bond securing payment of any such shortfall.
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.
Effective rate exemption for specified imported inputs limits customs duty to a reduced ad valorem rate for manufacture, subject to safeguards.
The notification limits customs duty on specified imported inputs used in manufacture by exempting duty in excess of an effective ad valorem rate for items listed in an annexed Table, provided importers comply with prescribed safeguards: List B imports require an undertaking and a central excise certificate of use with payment on demand of any duty shortfall; List C imports require technical recommendation and an executed bond securing payment of any such shortfall.
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