Concessional customs duty for specified drug intermediates: 50% ad valorem concession subject to usage and recordkeeping conditions. Prescribes a concessional customs duty reducing effective duty to 50% ad valorem on specified intermediates imported for manufacture of listed bulk drugs. The concession applies only where importer furnishes an undertaking that goods will be used for the stated manufacture, the manufacturer maintains specified accounts, and a certified extract evidencing receipt at the manufacturing premises is produced within three months (or extended period). Failure to comply triggers recovery of the duty difference. The notification preserves other existing exemptions and defines eligible goods by an annexed Table.
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.
Concessional customs duty for specified drug intermediates: 50% ad valorem concession subject to usage and recordkeeping conditions.
Prescribes a concessional customs duty reducing effective duty to 50% ad valorem on specified intermediates imported for manufacture of listed bulk drugs. The concession applies only where importer furnishes an undertaking that goods will be used for the stated manufacture, the manufacturer maintains specified accounts, and a certified extract evidencing receipt at the manufacturing premises is produced within three months (or extended period). Failure to comply triggers recovery of the duty difference. The notification preserves other existing exemptions and defines eligible goods by an annexed Table.
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