Customs exemption for vehicle components enables duty relief for components used in manufacturing certified fuel efficient light commercial vehicles. Components for manufacture of fuel efficient light commercial motor vehicles (payload 4,000 kg) are exempted from customs duty in excess of 20% ad valorem and from additional duty under the Customs Tariff Act, subject to certification of component lists by an Industrial Adviser, import under a Ministry approved programme with evidence to the Assistant Collector, and an importer's undertaking to use the components for specified manufacture, maintain certified accounts and produce account extracts within three months or pay the duty difference on non compliance.
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 vehicle components enables duty relief for components used in manufacturing certified fuel efficient light commercial vehicles.
Components for manufacture of fuel efficient light commercial motor vehicles (payload 4,000 kg) are exempted from customs duty in excess of 20% ad valorem and from additional duty under the Customs Tariff Act, subject to certification of component lists by an Industrial Adviser, import under a Ministry approved programme with evidence to the Assistant Collector, and an importer's undertaking to use the components for specified manufacture, maintain certified accounts and produce account extracts within three months or pay the duty difference on non compliance.
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