Customs exemption for capital goods components limited by certification requirement and importer undertaking to repay duty if misused. Exempts imported components required for manufacture of specified capital goods from customs duty in excess of 30% ad valorem, subject to certification by an Additional Industrial Adviser and an importer undertaking at the time of importation to use the components for the specified purpose and to repay the difference in duty if that use condition is not met.
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 capital goods components limited by certification requirement and importer undertaking to repay duty if misused.
Exempts imported components required for manufacture of specified capital goods from customs duty in excess of 30% ad valorem, subject to certification by an Additional Industrial Adviser and an importer undertaking at the time of importation to use the components for the specified purpose and to repay the difference in duty if that use condition is not met.
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