Customs duty exemption for power transmission components allows reduced duty above ad valorem rate subject to certification requirements. Exempts imported components for manufacture of power transmission systems for earth moving machinery, fork lift trucks and locomotives from that portion of customs duty in the First Schedule exceeding a specified ad valorem threshold, subject to: certification of listed components by an Industrial Adviser; a certificate that the importer is under a Ministry approved manufacturing programme; and post import certification of use within a period specified by the Assistant Collector of Customs.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for power transmission components allows reduced duty above ad valorem rate subject to certification requirements.
Exempts imported components for manufacture of power transmission systems for earth moving machinery, fork lift trucks and locomotives from that portion of customs duty in the First Schedule exceeding a specified ad valorem threshold, subject to: certification of listed components by an Industrial Adviser; a certificate that the importer is under a Ministry approved manufacturing programme; and post import certification of use within a period specified by the Assistant Collector of Customs.
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