Customs exemption for plain felt sheets limits payable duty when imported for manufacture of card clothing, subject to undertaking. Exemption for plain felt sheets imported for manufacture of card clothing limits customs duty to an amount calculated at forty per cent ad valorem; excess duty is exempted. The exemption is conditional on an undertaking to the Assistant Collector of Customs that the goods will be used for the specified purpose, and requires payment on demand of the difference between duty otherwise leviable and duty already paid 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.
Customs exemption for plain felt sheets limits payable duty when imported for manufacture of card clothing, subject to undertaking.
Exemption for plain felt sheets imported for manufacture of card clothing limits customs duty to an amount calculated at forty per cent ad valorem; excess duty is exempted. The exemption is conditional on an undertaking to the Assistant Collector of Customs that the goods will be used for the specified purpose, and requires payment on demand of the difference between duty otherwise leviable and duty already paid if the undertaking is breached.
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