Customs exemption conditions require importer undertakings, strict recordkeeping, certified proof of receipt, and duty recovery on noncompliance. An amendment requires the importer to undertake that imported goods (other than raw materials) will be used for the specified purpose, that an account of goods 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 that account will be produced within three months or such extended period as allowed; noncompliance triggers a demand to pay 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 conditions require importer undertakings, strict recordkeeping, certified proof of receipt, and duty recovery on noncompliance.
An amendment requires the importer to undertake that imported goods (other than raw materials) will be used for the specified purpose, that an account of goods 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 that account will be produced within three months or such extended period as allowed; noncompliance triggers a demand to pay the difference between duty leviable without the exemption and duty already paid.
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