Customs exemption for components of heavy-capacity forklift trucks permits reduced duty subject to certification and compliance conditions. Exempts imported components for manufacture of heavy-capacity forklift trucks from customs duty in excess of a capped rate, subject to certified parts lists, production programme approval by relevant industrial authorities, and an importer's undertaking requiring use for the specified manufacture, prescribed recordkeeping of receipt and consumption, production of certified account extracts within a limited period, and payment of the duty differential on failure to comply.
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 components of heavy-capacity forklift trucks permits reduced duty subject to certification and compliance conditions.
Exempts imported components for manufacture of heavy-capacity forklift trucks from customs duty in excess of a capped rate, subject to certified parts lists, production programme approval by relevant industrial authorities, and an importer's undertaking requiring use for the specified manufacture, prescribed recordkeeping of receipt and consumption, production of certified account extracts within a limited period, and payment of the duty differential on failure to comply.
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