Customs exemption for polypropylene masterbatch limits payable duty for manufacturers using it in yarn production, subject to certification and bond. Exemption provides partial customs duty relief on polypropylene master batch imported for manufacture of polypropylene multi filament yarn by limiting duty payable to an amount calculated at a specified ad valorem rate. Conditions require production of a use certificate from the Assistant Collector of Central Excise within a period specified by the Assistant Collector of Customs and execution of a bond to secure payment of the difference where goods are not proved to have been used for the permitted manufacturing purpose.
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 polypropylene masterbatch limits payable duty for manufacturers using it in yarn production, subject to certification and bond.
Exemption provides partial customs duty relief on polypropylene master batch imported for manufacture of polypropylene multi filament yarn by limiting duty payable to an amount calculated at a specified ad valorem rate. Conditions require production of a use certificate from the Assistant Collector of Central Excise within a period specified by the Assistant Collector of Customs and execution of a bond to secure payment of the difference where goods are not proved to have been used for the permitted manufacturing purpose.
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