Customs exemption for specified imported inputs permits reduced ad valorem duty for manufacture, subject to undertaking and compliance. The Government exempts specified imported inputs-polyurethane films/foils, polyols and isocyanates-used for manufacture of listed goods from customs duty in excess of 35% ad valorem, provided the importer furnishes an undertaking to use the goods for the stated manufacture, maintain certified accounts of receipt and consumption at the place of manufacture, produce such accounts within three months or extended period, and pay on demand the difference between duty otherwise leviable and duty already paid if conditions are not complied with.
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 specified imported inputs permits reduced ad valorem duty for manufacture, subject to undertaking and compliance.
The Government exempts specified imported inputs-polyurethane films/foils, polyols and isocyanates-used for manufacture of listed goods from customs duty in excess of 35% ad valorem, provided the importer furnishes an undertaking to use the goods for the stated manufacture, maintain certified accounts of receipt and consumption at the place of manufacture, produce such accounts within three months or extended period, and pay on demand the difference between duty otherwise leviable and duty already paid if conditions are not complied with.
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