Duty exemption for hot rolled stainless steel coils recognizes conversion charges and insurance/freight, reducing payable customs duty on qualifying re imports. Exemption applies to Hot Rolled Stainless Steel Coils produced from Stainless Steel Slabs sent out of India for conversion abroad, reducing customs duty by excluding from chargeable value conversion charges (labour, materials other than the exported slabs, and other conversion-related charges) and insurance and freight both ways, subject to re-import within one year and satisfaction by the Assistant Collector of Customs that sufficient evidence shows the coils were produced from the slabs.
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.
Duty exemption for hot rolled stainless steel coils recognizes conversion charges and insurance/freight, reducing payable customs duty on qualifying re imports.
Exemption applies to Hot Rolled Stainless Steel Coils produced from Stainless Steel Slabs sent out of India for conversion abroad, reducing customs duty by excluding from chargeable value conversion charges (labour, materials other than the exported slabs, and other conversion-related charges) and insurance and freight both ways, subject to re-import within one year and satisfaction by the Assistant Collector of Customs that sufficient evidence shows the coils were produced from the slabs.
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