Customs exemption for computer equipment requires certification and a bond to secure export obligations at import. The Central Government exempts computer equipments under Heading No. 84.71 from customs duty in excess of a capped ad valorem rate and from the additional duty under Section 3, subject to conditions. The importer must produce a certificate from a Joint Director in the Department of Electronics confirming EXIM Bank arrangement and must execute a bond with the Chief Controller of Imports and Exports to meet export obligations under the 1986 software export policy, with an undertaking to pay the duty shortfall if obligations are not fulfilled.
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 computer equipment requires certification and a bond to secure export obligations at import.
The Central Government exempts computer equipments under Heading No. 84.71 from customs duty in excess of a capped ad valorem rate and from the additional duty under Section 3, subject to conditions. The importer must produce a certificate from a Joint Director in the Department of Electronics confirming EXIM Bank arrangement and must execute a bond with the Chief Controller of Imports and Exports to meet export obligations under the 1986 software export policy, with an undertaking to pay the duty shortfall if obligations are not fulfilled.
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