Exemption from additional customs duty for specified industrial inputs, conditional on certification, undertaking, and repayment for misuse. Exemption relieves specified imported raw materials and components, when used in listed industries, from the portion of customs duty above a 25% ad valorem rate and from the additional customs duty, subject to certification by a technical officer of intended industry use and quantity, an importer's undertaking to use the goods as specified, and a repayment obligation to cover the duty difference if the undertaking is breached.
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.
Exemption from additional customs duty for specified industrial inputs, conditional on certification, undertaking, and repayment for misuse.
Exemption relieves specified imported raw materials and components, when used in listed industries, from the portion of customs duty above a 25% ad valorem rate and from the additional customs duty, subject to certification by a technical officer of intended industry use and quantity, an importer's undertaking to use the goods as specified, and a repayment obligation to cover the duty difference if the undertaking is breached.
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 
