Customs exemption conditions require importer undertaking and certified accounts, with duty recovery on noncompliance within specified period. Amendment to Notification No. 320/83 substitutes condition (iii) to require the importer to furnish an undertaking that the imported components for fuel-efficient motor cars will be used for the specified purpose, that accounts of components received and consumed at the place of manufacture will be maintained as directed by the Assistant Collector of Customs, and that a manufacturer-certified extract of such account evidencing receipt will be produced within three months or such extended period as allowed; noncompliance attracts payment, on demand, of the duty differential between leviable duty and duty paid.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption conditions require importer undertaking and certified accounts, with duty recovery on noncompliance within specified period.
Amendment to Notification No. 320/83 substitutes condition (iii) to require the importer to furnish an undertaking that the imported components for fuel-efficient motor cars will be used for the specified purpose, that accounts of components received and consumed at the place of manufacture will be maintained as directed by the Assistant Collector of Customs, and that a manufacturer-certified extract of such account evidencing receipt will be produced within three months or such extended period as allowed; noncompliance attracts payment, on demand, of the duty differential between leviable duty and duty paid.
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