Customs exemption for parts used in initial machine setup limits duty exposure and requires certification and importer undertakings. Exemption limits customs duty for parts imported for initial setting up, assembly or manufacture of specified machinery to an amount calculated at a capped ad valorem rate and exempts the additional duty, subject to certification by designated authorities, importer undertakings to use and account for the parts at the place of manufacture, production of certified account extracts within the prescribed period, and payment of the duty differential on demand for non compliance; CNC systems and their components are excluded.
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 parts used in initial machine setup limits duty exposure and requires certification and importer undertakings.
Exemption limits customs duty for parts imported for initial setting up, assembly or manufacture of specified machinery to an amount calculated at a capped ad valorem rate and exempts the additional duty, subject to certification by designated authorities, importer undertakings to use and account for the parts at the place of manufacture, production of certified account extracts within the prescribed period, and payment of the duty differential on demand for non compliance; CNC systems and their components are excluded.
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