Conditional customs duty exemption for specified imported inputs tied to verified manufacture of listed finished goods. The notification exempts specified imported inputs from customs duty in excess of an effective 30% ad valorem rate and from additional duty under section 3, when imported for manufacture of designated goods listed in the annexed Table. Exemption is conditional on certification by a prescribed technical officer (except for supplementary import licences) and on execution of a bond to repay any duty differential for inputs not proved to have been used for the stated manufacturing purpose, with the Assistant Collector of Customs to specify bond terms and determine satisfaction.
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.
Conditional customs duty exemption for specified imported inputs tied to verified manufacture of listed finished goods.
The notification exempts specified imported inputs from customs duty in excess of an effective 30% ad valorem rate and from additional duty under section 3, when imported for manufacture of designated goods listed in the annexed Table. Exemption is conditional on certification by a prescribed technical officer (except for supplementary import licences) and on execution of a bond to repay any duty differential for inputs not proved to have been used for the stated manufacturing purpose, with the Assistant Collector of Customs to specify bond terms and determine satisfaction.
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