Customs exemption for machine tool parts: conditional import relief requires certification, undertaking, recordkeeping, and repayment safeguards. The Central Government exempts parts imported for initial setting up, assembly or manufacture of articles under headings 84.56-84.66 from customs duty in excess of a specified base amount and from additional duty, subject to certification by designated authorities, an importer's undertaking to use the parts for specified purposes, maintenance and production of certified accounts within a limited period, and payment of differential duty if conditions are breached; CNC systems and components are excluded.
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 machine tool parts: conditional import relief requires certification, undertaking, recordkeeping, and repayment safeguards.
The Central Government exempts parts imported for initial setting up, assembly or manufacture of articles under headings 84.56-84.66 from customs duty in excess of a specified base amount and from additional duty, subject to certification by designated authorities, an importer's undertaking to use the parts for specified purposes, maintenance and production of certified accounts within a limited period, and payment of differential duty if conditions are breached; CNC systems and components are excluded.
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