Undertaking for import exemption requires specified use, certified accounting and production, with duty recoverable on noncompliance. Amendment requires an importer undertaking that imported forklift-truck components be used for the specified purpose, that an account of components received and consumed at the place of manufacture be maintained as specified by the Assistant Collector of Customs, and that a certified extract of such account be produced within a prescribed period or extended period allowed by the Assistant Collector; failure to comply triggers payment on demand equal to the duty difference between leviable duty absent 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.
Undertaking for import exemption requires specified use, certified accounting and production, with duty recoverable on noncompliance.
Amendment requires an importer undertaking that imported forklift-truck components be used for the specified purpose, that an account of components received and consumed at the place of manufacture be maintained as specified by the Assistant Collector of Customs, and that a certified extract of such account be produced within a prescribed period or extended period allowed by the Assistant Collector; failure to comply triggers payment on demand equal to the duty difference between leviable duty absent the exemption and duty already paid.
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