Import duty exemption for specified pulp and waste paper lowers customs liability when used in newsprint and pulp manufacture. The notification exempts specified Chapter 47 imports from customs duty above an effective reduced rate and from additional duty where imported for defined manufacturing purposes: nil rate for wood pulp used to manufacture newsprint and a reduced ad valorem rate for listed waste paper used to manufacture pulp for paper or paperboard. Importers must furnish an undertaking to use the goods as declared, keep prescribed accounts at the place of manufacture, produce certified account extracts within three months or a permitted extension, and, for wood pulp, evidencing newsprint production and clearance; non compliance leads to recovery of the duty differential.
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Provisions expressly mentioned in the judgment/order text.
Import duty exemption for specified pulp and waste paper lowers customs liability when used in newsprint and pulp manufacture.
The notification exempts specified Chapter 47 imports from customs duty above an effective reduced rate and from additional duty where imported for defined manufacturing purposes: nil rate for wood pulp used to manufacture newsprint and a reduced ad valorem rate for listed waste paper used to manufacture pulp for paper or paperboard. Importers must furnish an undertaking to use the goods as declared, keep prescribed accounts at the place of manufacture, produce certified account extracts within three months or a permitted extension, and, for wood pulp, evidencing newsprint production and clearance; non compliance leads to recovery of the duty differential.
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