Customs exemption for wood pulp imports granted for manufacture of newsprint subject to use, recordkeeping and repayment obligations. The Government exempts wood pulp (excluding rayon grade) within Chapter 47 from customs duty and additional duty when imported for manufacture of newsprint, subject to an undertaking that the goods will be used for that purpose, that accounts of receipt and consumption will be maintained as specified by the Assistant Collector of Customs, and that certified extracts evidencing receipt, production and clearance to registered newspaper establishments will be produced within three months or such extended period; failure to comply triggers payment of the duty differential on demand.
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.
Customs exemption for wood pulp imports granted for manufacture of newsprint subject to use, recordkeeping and repayment obligations.
The Government exempts wood pulp (excluding rayon grade) within Chapter 47 from customs duty and additional duty when imported for manufacture of newsprint, subject to an undertaking that the goods will be used for that purpose, that accounts of receipt and consumption will be maintained as specified by the Assistant Collector of Customs, and that certified extracts evidencing receipt, production and clearance to registered newspaper establishments will be produced within three months or such extended period; failure to comply triggers payment of the duty differential on demand.
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 
