Customs duty exemption for imported components for power transmission and earth moving machinery subject to certification and usage proof. The notification exempts customs duty on imported components for manufacture of power transmission systems and specified machinery to the extent duty exceeds a prescribed ad valorem rate, provided components are listed and certified by an Industrial Adviser, the importer holds Ministry of Industry approved programme certification, and a post import usage certificate is produced within the period specified by the Assistant Collector of Customs.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for imported components for power transmission and earth moving machinery subject to certification and usage proof.
The notification exempts customs duty on imported components for manufacture of power transmission systems and specified machinery to the extent duty exceeds a prescribed ad valorem rate, provided components are listed and certified by an Industrial Adviser, the importer holds Ministry of Industry approved programme certification, and a post import usage certificate is produced within the period specified by the Assistant Collector of Customs.
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