Customs duty exemption for polyester film subject to usage, approval, bond and certificate requirements for magnetic tape manufacture. Exempts Balanced/Semi-tensilised/Tensilised Polyester Film 39 microns in Chapter 39 when imported for manufacture of magnetic tapes from customs duty in excess of an amount calculated at 40% ad valorem, subject to recommendation by specified senior technical officers, execution of a bond to secure payment of any differential duty for goods not used as declared, and production within six months (or extended period) of a Central Excise certificate confirming use in magnetic tape production; defines Polyester Film as untreated, uncoated film excluding magnetic tapes.
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 duty exemption for polyester film subject to usage, approval, bond and certificate requirements for magnetic tape manufacture.
Exempts Balanced/Semi-tensilised/Tensilised Polyester Film 39 microns in Chapter 39 when imported for manufacture of magnetic tapes from customs duty in excess of an amount calculated at 40% ad valorem, subject to recommendation by specified senior technical officers, execution of a bond to secure payment of any differential duty for goods not used as declared, and production within six months (or extended period) of a Central Excise certificate confirming use in magnetic tape production; defines Polyester Film as untreated, uncoated film excluding magnetic tapes.
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