Customs exemption for computer-related imports conditioned on export undertaking, bond plus bank guarantee, and drawback restriction. Exemption for goods under Heading No. 84.71 relieves importers from customs duty exceeding a capped ad valorem rate and from additional duty under the Customs Tariff Act, conditional on limited-period importation under the Policy on Computer Software Export without foreign exchange remittance, production of a Department of Electronics certificate, an export undertaking secured by bond and bank guarantee, disallowance of drawback under section 74(2), and a partial duty refund if exported within an earlier prescribed period.
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 computer-related imports conditioned on export undertaking, bond plus bank guarantee, and drawback restriction.
Exemption for goods under Heading No. 84.71 relieves importers from customs duty exceeding a capped ad valorem rate and from additional duty under the Customs Tariff Act, conditional on limited-period importation under the Policy on Computer Software Export without foreign exchange remittance, production of a Department of Electronics certificate, an export undertaking secured by bond and bank guarantee, disallowance of drawback under section 74(2), and a partial duty refund if exported within an earlier prescribed period.
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