Customs exemption conditions revised-importer undertaking, recordkeeping, required timelines and duty recovery on noncompliance strictly enforced. The amendment replaces condition (iii) to require the importer to furnish an undertaking that the imported goods will be used for the specified manufacture, that records of goods received and consumed at the place of manufacture will be maintained as specified by the Assistant Collector of Customs, that a certified extract evidencing receipt at the manufacturing premises will be produced within a prescribed period or any extension allowed, and that on failure to comply the importer shall pay, on demand, the difference between duty leviable but for the exemption and duty already paid at importation.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption conditions revised-importer undertaking, recordkeeping, required timelines and duty recovery on noncompliance strictly enforced.
The amendment replaces condition (iii) to require the importer to furnish an undertaking that the imported goods will be used for the specified manufacture, that records of goods received and consumed at the place of manufacture will be maintained as specified by the Assistant Collector of Customs, that a certified extract evidencing receipt at the manufacturing premises will be produced within a prescribed period or any extension allowed, and that on failure to comply the importer shall pay, on demand, the difference between duty leviable but for the exemption and duty already paid at importation.
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