Import exemption scope redefined as 'said goods', with a cap on spare parts and consumables value. The notification amendment replaces a detailed list of eligible machinery, components and raw materials with the consolidated term 'said goods' for imports related to fertilizer plant renovation, and adds a proviso limiting the combined value of spare parts, raw materials (including semi finished materials) and consumable stores to not exceed ten per cent of the total value of the said goods.
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.
Import exemption scope redefined as 'said goods', with a cap on spare parts and consumables value.
The notification amendment replaces a detailed list of eligible machinery, components and raw materials with the consolidated term "said goods" for imports related to fertilizer plant renovation, and adds a proviso limiting the combined value of spare parts, raw materials (including semi finished materials) and consumable stores to not exceed ten per cent of the total value of the said goods.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
