Undertaking requirement for imported vehicle components imposes accountkeeping and conditional duty liability by the importer. The amendment requires the importer to furnish a written undertaking that imported goods (other than raw materials) will be used for the specified manufacturing purpose, that an account of receipt and consumption at the place of manufacture will be maintained and produced as specified by the Assistant Collector of Customs within the allowed period, and that the importer will pay, on demand, the difference between duty leviable but for the exemption and duty already paid if these conditions are not met.
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 requirement for imported vehicle components imposes accountkeeping and conditional duty liability by the importer.
The amendment requires the importer to furnish a written undertaking that imported goods (other than raw materials) will be used for the specified manufacturing purpose, that an account of receipt and consumption at the place of manufacture will be maintained and produced as specified by the Assistant Collector of Customs within the allowed period, and that the importer will pay, on demand, the difference between duty leviable but for the exemption and duty already paid if these conditions are not met.
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