Customs exemption for melting scrap permitted for supply to user units, subject to bond and use certification requirements. The amendment allows import of specified iron and steel melting scrap for use in, or for supply to a unit for use in, electric arc furnaces or induction furnaces subject to conditions: the importer must execute a bond to pay duty on any quantity not proved to have been used as required, and must produce within six months (or extended period) a certificate from the Assistant Collector of Central Excise confirming such use.
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 melting scrap permitted for supply to user units, subject to bond and use certification requirements.
The amendment allows import of specified iron and steel melting scrap for use in, or for supply to a unit for use in, electric arc furnaces or induction furnaces subject to conditions: the importer must execute a bond to pay duty on any quantity not proved to have been used as required, and must produce within six months (or extended period) a certificate from the Assistant Collector of Central Excise confirming such use.
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