Customs duty relief for specified imported inputs caps payable duty at an ad valorem rate, subject to use certification and bonds. The Notification exempts specified imported inputs used in manufacture of listed finished goods by capping the customs duty payable at an ad valorem rate rather than at the full First Schedule tariff. Eligibility is strictly confined to inputs and finished goods set out in the annexed Table. List B items require an import-time undertaking and subsequent excise certificate of use or repayment of the duty differential; List C items require technical recommendation and a bond securing repayment for unproved use.
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 relief for specified imported inputs caps payable duty at an ad valorem rate, subject to use certification and bonds.
The Notification exempts specified imported inputs used in manufacture of listed finished goods by capping the customs duty payable at an ad valorem rate rather than at the full First Schedule tariff. Eligibility is strictly confined to inputs and finished goods set out in the annexed Table. List B items require an import-time undertaking and subsequent excise certificate of use or repayment of the duty differential; List C items require technical recommendation and a bond securing repayment for unproved use.
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 
