Engineering prototype import rules updated: re-export or destruction required within specified period and bond security mandated. Amendment prescribes that lower value samples must be rendered useless where practicable or re exported within nine months (or extended period allowed by the Assistant Collector of Customs) otherwise duty is payable; higher value samples must be re exported within the same time frame; and importers must execute a bond with specified form, sum and surety to enforce these conditions.
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.
Engineering prototype import rules updated: re-export or destruction required within specified period and bond security mandated.
Amendment prescribes that lower value samples must be rendered useless where practicable or re exported within nine months (or extended period allowed by the Assistant Collector of Customs) otherwise duty is payable; higher value samples must be re exported within the same time frame; and importers must execute a bond with specified form, sum and surety to enforce these conditions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
