Customs exemption for power transmission components conditions import duty relief on certified, approved manufacture with post use verification. Exemption limits customs duty on imported components for manufacture of power transmission systems for earth moving machinery to an amount calculated at the rate of 40 per cent ad valorem, exempting duty in excess of that amount, subject to certification that components are on certified lists, that imports are under a Ministry of Industry approved programme, and that a post use certificate confirming manufacture under the approved programme is produced within a period specified by the Assistant Collector of Customs.
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 power transmission components conditions import duty relief on certified, approved manufacture with post use verification.
Exemption limits customs duty on imported components for manufacture of power transmission systems for earth moving machinery to an amount calculated at the rate of 40 per cent ad valorem, exempting duty in excess of that amount, subject to certification that components are on certified lists, that imports are under a Ministry of Industry approved programme, and that a post use certificate confirming manufacture under the approved programme is produced within a period specified by the Assistant Collector of Customs.
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