Customs exemption for electric vehicle components requires approved import programme, certified component lists, usage accounting, and repayment on breach. The notification exempts components of specified electrically operated vehicles and battery powered road vehicles, including semi-knocked down and completely knocked down packs, from customs duty in excess of a fixed ad valorem rate and from additional duty under the Customs Tariff Act, provided the components are listed by an Industrial Adviser, imported under a Ministry-approved programme with evidence produced to the Assistant Collector, and subject to an undertaking requiring specified use, prescribed accounting, production of certified receipt extracts and payment of duty differences on failure to comply.
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 electric vehicle components requires approved import programme, certified component lists, usage accounting, and repayment on breach.
The notification exempts components of specified electrically operated vehicles and battery powered road vehicles, including semi-knocked down and completely knocked down packs, from customs duty in excess of a fixed ad valorem rate and from additional duty under the Customs Tariff Act, provided the components are listed by an Industrial Adviser, imported under a Ministry-approved programme with evidence produced to the Assistant Collector, and subject to an undertaking requiring specified use, prescribed accounting, production of certified receipt extracts and payment of duty differences on failure to comply.
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 
