Importer undertaking for customs exemption requires use limitation, recordkeeping, certified proof, and duty payment on noncompliance. The substituted condition requires the importer to furnish an undertaking that the imported components or goods will be used for the specified purpose; that an account of quantities received and consumed at the place of manufacture will be maintained as specified by the Assistant Collector of Customs; that a manufacturer-certified extract of such account evidencing receipt will be produced within the prescribed period or any extension allowed; and that the importer will pay, on demand, the duty difference if he fails to comply with these obligations.
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.
Importer undertaking for customs exemption requires use limitation, recordkeeping, certified proof, and duty payment on noncompliance.
The substituted condition requires the importer to furnish an undertaking that the imported components or goods will be used for the specified purpose; that an account of quantities received and consumed at the place of manufacture will be maintained as specified by the Assistant Collector of Customs; that a manufacturer-certified extract of such account evidencing receipt will be produced within the prescribed period or any extension allowed; and that the importer will pay, on demand, the duty difference if he fails to comply with these obligations.
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