Customs exemption for textile machine parts-conditional relief from excess and additional duty subject to certification and undertakings. Exempts imported parts required for initial setting up, assembly or manufacture of specified textile machines from customs duty above a prescribed ad valorem floor and from additional duty, conditioned on certification by designated industrial or textile authorities, an undertaking by the importer to use the parts for the stated purposes, maintenance and production of certified consumption accounts within a prescribed period, payment of differential duty on non compliance, and an express exclusion for CNC systems and their components.
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 textile machine parts-conditional relief from excess and additional duty subject to certification and undertakings.
Exempts imported parts required for initial setting up, assembly or manufacture of specified textile machines from customs duty above a prescribed ad valorem floor and from additional duty, conditioned on certification by designated industrial or textile authorities, an undertaking by the importer to use the parts for the stated purposes, maintenance and production of certified consumption accounts within a prescribed period, payment of differential duty on non compliance, and an express exclusion for CNC systems and their components.
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