Customs exemption for CNC system parts - conditional duty relief requires certification and a bond ensuring repayment if misuse occurs. Exempts electronic parts of computer numerical control systems in Chapter 84 from customs duty in excess of an amount calculated at 35% ad valorem and from the additional duty under section 3 when required for initial setting up, assembly, or manufacture. Certification by the Directorate General of Technical Development (or state industrial authorities for small scale units) is required to verify description and quantity and recommend the exemption. Importers must execute a bond to pay, on demand, the difference between duties otherwise leviable and duty already paid for parts not proved to have been used for the specified purposes.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for CNC system parts - conditional duty relief requires certification and a bond ensuring repayment if misuse occurs.
Exempts electronic parts of computer numerical control systems in Chapter 84 from customs duty in excess of an amount calculated at 35% ad valorem and from the additional duty under section 3 when required for initial setting up, assembly, or manufacture. Certification by the Directorate General of Technical Development (or state industrial authorities for small scale units) is required to verify description and quantity and recommend the exemption. Importers must execute a bond to pay, on demand, the difference between duties otherwise leviable and duty already paid for parts not proved to have been used for the specified purposes.
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