Import duty exemption on specified steel for machinery manufacture requires certification and use-accounting compliance and payment on breach. An administrative exemption permits specified Chapter 72 steel imports for manufacture of machinery under Chapters 84 and 85 to be relieved of customs duty in excess of the amount calculated at sixty per cent ad valorem, subject to certification of required quantities by designated industrial authorities and to an importer undertaking to use the steel for the stated purpose, maintain prescribed accounts, produce evidence of receipt and utilisation within three months (or extended period) and to pay the differential duty 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.
Import duty exemption on specified steel for machinery manufacture requires certification and use-accounting compliance and payment on breach.
An administrative exemption permits specified Chapter 72 steel imports for manufacture of machinery under Chapters 84 and 85 to be relieved of customs duty in excess of the amount calculated at sixty per cent ad valorem, subject to certification of required quantities by designated industrial authorities and to an importer undertaking to use the steel for the stated purpose, maintain prescribed accounts, produce evidence of receipt and utilisation within three months (or extended period) and to pay the differential duty on failure to comply.
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