Import exemption compliance: undertakings, certified production accounts, and duty recovery where obligations are breached. Importers of components for commercial vehicles must furnish an undertaking that the components will be used for the specified manufacturing purpose; maintain an account of components received and consumed at the place of manufacture as directed by the Assistant Collector of Customs; produce a manufacturer-certified extract of that account within three months or extended period allowed; and pay, on demand, the difference between duty leviable but for the exemption and duty already paid in the event of non-compliance.
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.
Import exemption compliance: undertakings, certified production accounts, and duty recovery where obligations are breached.
Importers of components for commercial vehicles must furnish an undertaking that the components will be used for the specified manufacturing purpose; maintain an account of components received and consumed at the place of manufacture as directed by the Assistant Collector of Customs; produce a manufacturer-certified extract of that account within three months or extended period allowed; and pay, on demand, the difference between duty leviable but for the exemption and duty already paid in the event of non-compliance.
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