Customs exemption undertakings: importers must ensure specified use, maintain certified accounts, and face duty recovery on default. Importers of components and equipment for trawlers must furnish an undertaking that the items will be used for the specified purpose, that accounts of receipt and consumption at the place of manufacture will be maintained as directed by the Assistant Collector of Customs, and that certified extracts evidencing receipt at the manufacturer's premises will be produced within a specified or extended period; failure to comply will attract payment, on demand, of the difference between the duty leviable but for the exemption and the duty already paid at importation.
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.
Customs exemption undertakings: importers must ensure specified use, maintain certified accounts, and face duty recovery on default.
Importers of components and equipment for trawlers must furnish an undertaking that the items will be used for the specified purpose, that accounts of receipt and consumption at the place of manufacture will be maintained as directed by the Assistant Collector of Customs, and that certified extracts evidencing receipt at the manufacturer's premises will be produced within a specified or extended period; failure to comply will attract payment, on demand, of the difference between the duty leviable but for the exemption and the duty already paid at importation.
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