Customs exemption amendments narrow ad valorem relief and impose importer undertakings with retention period and duty liability. Amendments to twenty one customs exemption notifications revise ad valorem rates and the exemption calculation formula to limit relief to duty in excess of the substituted ad valorem amount, amend or omit Table entries and descriptions, and impose importer undertakings that imported goods or machinery be used for stated purposes and not disposed of for a prescribed retention period with duty liability on breach; explanations defining non conventional energy items and selected industrial machinery are added or replaced.
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Customs exemption amendments narrow ad valorem relief and impose importer undertakings with retention period and duty liability.
Amendments to twenty one customs exemption notifications revise ad valorem rates and the exemption calculation formula to limit relief to duty in excess of the substituted ad valorem amount, amend or omit Table entries and descriptions, and impose importer undertakings that imported goods or machinery be used for stated purposes and not disposed of for a prescribed retention period with duty liability on breach; explanations defining non conventional energy items and selected industrial machinery are added or replaced.
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