Customs duty exemption for specified machinery enables reduced import duties for jute felt manufacture subject to registration and proof. Specified imported machinery for manufacture of jute felt is exempted from Basic Customs Duty to the extent it exceeds a 35% ad valorem rate and from the entire additional duty under section 3, provided importers are actual industrial users manufacturing jute products, registered with the Jute Commissioner, and produce evidence to the Assistant Collector of Customs at importation.
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Customs duty exemption for specified machinery enables reduced import duties for jute felt manufacture subject to registration and proof.
Specified imported machinery for manufacture of jute felt is exempted from Basic Customs Duty to the extent it exceeds a 35% ad valorem rate and from the entire additional duty under section 3, provided importers are actual industrial users manufacturing jute products, registered with the Jute Commissioner, and produce evidence to the Assistant Collector of Customs at importation.
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