Customs exemption for fertilizer plant renovation available subject to certification, import value cap and use undertaking. Exemption from customs and additional customs duty is granted for machinery, components, raw materials, spare parts and consumable stores imported for renovation or modernisation of a fertilizer plant, subject to certification and recommendation by a Deputy Secretary-level officer in the Department of Fertilizers confirming techno-economic clearance and need, a value cap on maintenance-related imports relative to capital goods imports, and an importer's undertaking to use the goods for the specified purpose with duty liability on misuse.
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 fertilizer plant renovation available subject to certification, import value cap and use undertaking.
Exemption from customs and additional customs duty is granted for machinery, components, raw materials, spare parts and consumable stores imported for renovation or modernisation of a fertilizer plant, subject to certification and recommendation by a Deputy Secretary-level officer in the Department of Fertilizers confirming techno-economic clearance and need, a value cap on maintenance-related imports relative to capital goods imports, and an importer's undertaking to use the goods for the specified purpose with duty liability on misuse.
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