Customs exemption scope narrowed and conditioned, adding importer undertakings and expanding eligible electronic items under revised ad valorem limits. Amendments revise exemption scope by capping exempt duty as the excess over a 60% ad valorem benchmark, reduce certain ad valorem exemption rates, expand eligible electronic and semiconductor items, impose a two-part importer undertaking requiring specified use and payment of any duty shortfall on breach, and broaden permitted import purposes to include maintenance or approved phased manufacturing programmes while removing references to specified officials.
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Customs exemption scope narrowed and conditioned, adding importer undertakings and expanding eligible electronic items under revised ad valorem limits.
Amendments revise exemption scope by capping exempt duty as the excess over a 60% ad valorem benchmark, reduce certain ad valorem exemption rates, expand eligible electronic and semiconductor items, impose a two-part importer undertaking requiring specified use and payment of any duty shortfall on breach, and broaden permitted import purposes to include maintenance or approved phased manufacturing programmes while removing references to specified officials.
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