Customs exemption conditions require importer undertakings on use, recordkeeping, certified proof, and duty payment on non-compliance. The substituted condition requires the importer to undertake that components will be used for the specified purpose, that an account of components received and consumed at the place of manufacture will be maintained as specified by the Assistant Collector of Customs, and that a manufacturer-certified extract of such account evidencing receipt will be produced within a prescribed or extended period; failure to comply triggers payment, on demand, of the difference between duty leviable on the exempted quantity and duty paid at importation.
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 on use, recordkeeping, certified proof, and duty payment on non-compliance.
The substituted condition requires the importer to undertake that components will be used for the specified purpose, that an account of components received and consumed at the place of manufacture will be maintained as specified by the Assistant Collector of Customs, and that a manufacturer-certified extract of such account evidencing receipt will be produced within a prescribed or extended period; failure to comply triggers payment, on demand, of the difference between duty leviable on the exempted quantity and duty paid at importation.
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