Customs exemption amendments: duty equalisation for scrap and domestic sale subject to bonds and export policy compliance. Amendments clarify that waste and scrap from zone manufacture cleared to other parts of India are chargeable to excise or, if not excisable, to customs duty equal to import duty; require importers to execute bonds to secure export obligations and duty on goods not used in export manufacture; permit domestic sale of articles (including rejects, waste and scrap) from approved hundred percent export units and of electronics hardware or software made within units subject to Export and Import Policy conditions and payment of excise or equalised customs duty; and exclude goods imported by aquaculture units from the notification.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption amendments: duty equalisation for scrap and domestic sale subject to bonds and export policy compliance.
Amendments clarify that waste and scrap from zone manufacture cleared to other parts of India are chargeable to excise or, if not excisable, to customs duty equal to import duty; require importers to execute bonds to secure export obligations and duty on goods not used in export manufacture; permit domestic sale of articles (including rejects, waste and scrap) from approved hundred percent export units and of electronics hardware or software made within units subject to Export and Import Policy conditions and payment of excise or equalised customs duty; and exclude goods imported by aquaculture units from the notification.
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