Customs duty exemption for fertilizer plant capital goods conditional on licence, endorsements, bond and evidence. Exemption from the whole of the duty of customs and additional duty is provided for raw materials and components imported to manufacture capital goods for fertilizer plants, subject to conditions: possession of a specified import licence or release order; licence endorsements describing the materials, their quantities and the goods to be manufactured; execution of a bond in prescribed form and amount to secure payment for materials not used as declared; and production of evidence to the licensing authority to discharge customs liability and licence obligations.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for fertilizer plant capital goods conditional on licence, endorsements, bond and evidence.
Exemption from the whole of the duty of customs and additional duty is provided for raw materials and components imported to manufacture capital goods for fertilizer plants, subject to conditions: possession of a specified import licence or release order; licence endorsements describing the materials, their quantities and the goods to be manufactured; execution of a bond in prescribed form and amount to secure payment for materials not used as declared; and production of evidence to the licensing authority to discharge customs liability and licence obligations.
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