Tariff exemption for polyester yarn used in belt manufacture, conditional on undertaking, recordkeeping and duty recovery on breach. Exemption applies to polyester filament yarn of 1000 deniers and above imported for manufacture of belting, relieving import duty in excess of the amount computed at the specified ad valorem rate, subject to an undertaking that the goods will be used for that purpose, maintenance of accounts as directed by the Assistant Collector of Customs, production of certified account extracts within three months or permitted extension, and payment on demand of the duty differential if use or recordkeeping requirements are not met.
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.
Tariff exemption for polyester yarn used in belt manufacture, conditional on undertaking, recordkeeping and duty recovery on breach.
Exemption applies to polyester filament yarn of 1000 deniers and above imported for manufacture of belting, relieving import duty in excess of the amount computed at the specified ad valorem rate, subject to an undertaking that the goods will be used for that purpose, maintenance of accounts as directed by the Assistant Collector of Customs, production of certified account extracts within three months or permitted extension, and payment on demand of the duty differential if use or recordkeeping requirements are not met.
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