Customs exemption for specified drug precursors permits reduced duty on imports used in manufacture, subject to compliance and account production. The Central Government exempts specified goods in Chapters 28, 29, 30 or 39 imported for manufacture of listed bulk drugs from customs duty in excess of a fixed ad valorem threshold, subject to an importer's undertaking to use the goods for the stated purpose, to maintain and produce certified consumption accounts within three months (or extended period) as directed by the Assistant Collector of Customs, and to pay on demand the duty differential if these conditions are not satisfied; other existing exemptions remain unaffected.
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 specified drug precursors permits reduced duty on imports used in manufacture, subject to compliance and account production.
The Central Government exempts specified goods in Chapters 28, 29, 30 or 39 imported for manufacture of listed bulk drugs from customs duty in excess of a fixed ad valorem threshold, subject to an importer's undertaking to use the goods for the stated purpose, to maintain and produce certified consumption accounts within three months (or extended period) as directed by the Assistant Collector of Customs, and to pay on demand the duty differential if these conditions are not satisfied; other existing exemptions remain unaffected.
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