Customs exemption undertaking requires specified use, recordkeeping, certified proof of receipt, and duty recovery on noncompliance. The substituted condition requires the importer to furnish an undertaking that the imported parts will be used for the specified purpose, that accounts of parts received and consumed at the place of manufacture will be maintained as directed by the Assistant Collector of Customs, and that a manufacturer certified extract of such account evidencing receipt will be produced within three months or an extended period allowed. Failure to comply triggers payment, on demand, of the difference between duty leviable without the exemption and duty already paid.
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 undertaking requires specified use, recordkeeping, certified proof of receipt, and duty recovery on noncompliance.
The substituted condition requires the importer to furnish an undertaking that the imported parts will be used for the specified purpose, that accounts of parts received and consumed at the place of manufacture will be maintained as directed by the Assistant Collector of Customs, and that a manufacturer certified extract of such account evidencing receipt will be produced within three months or an extended period allowed. Failure to comply triggers payment, on demand, of the difference between duty leviable without the exemption and duty already paid.
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