Customs exemption amendments revise exemption scope, procedural bonds, certificate requirements and ad valorem duty rates for specified imports. The Central Government amends sixteen customs exemption notifications by substituting or omitting specified language to revise exemption mechanics: recalibrating exemptions to apply to the portion of duty in excess of specified ad valorem rates, changing those rates, extending re-export periods, requiring importer undertakings, bonds and Central Excise certificates to prove installation or use in domestic manufacture, removing or replacing certain official approvals, and adjusting tariff headings and table entries to include or omit goods and parts.
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Customs exemption amendments revise exemption scope, procedural bonds, certificate requirements and ad valorem duty rates for specified imports.
The Central Government amends sixteen customs exemption notifications by substituting or omitting specified language to revise exemption mechanics: recalibrating exemptions to apply to the portion of duty in excess of specified ad valorem rates, changing those rates, extending re-export periods, requiring importer undertakings, bonds and Central Excise certificates to prove installation or use in domestic manufacture, removing or replacing certain official approvals, and adjusting tariff headings and table entries to include or omit goods and parts.
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