Customs duty exemption for imports under Import-Export Pass Book Scheme, conditional on licence, bond and export compliance. Exemption from customs and additional customs tariff duty is granted for goods imported for manufacture of exportable resultant products, replenishment of materials used in such manufacture, and mandatory spares exported with those products under the Import-Export Pass Book Scheme, provided the importer holds the Pass Book incorporating an Import Licence, the goods are covered by that licence, the importer produces the Pass Book at clearance, claims the exemption in writing, furnishes bond or bank guarantee evidence, and declares to pay duty on goods not proved to have been used as required.
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Provisions expressly mentioned in the judgment/order text.
Customs duty exemption for imports under Import-Export Pass Book Scheme, conditional on licence, bond and export compliance.
Exemption from customs and additional customs tariff duty is granted for goods imported for manufacture of exportable resultant products, replenishment of materials used in such manufacture, and mandatory spares exported with those products under the Import-Export Pass Book Scheme, provided the importer holds the Pass Book incorporating an Import Licence, the goods are covered by that licence, the importer produces the Pass Book at clearance, claims the exemption in writing, furnishes bond or bank guarantee evidence, and declares to pay duty on goods not proved to have been used as required.
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