Customs exemption conditions require importer undertakings and certified records; failure permits recovery of differential duty. The amendment requires the importer to furnish an undertaking that component parts will be used only for the specified geodetic and survey instrument manufacture, maintain accounts of parts received and consumed as prescribed by the Assistant Collector of Customs, and produce a manufacturer-certified extract of such accounts within three months or an allowed extension; failure to comply permits recovery from the importer of the difference between duty leviable absent the exemption and 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 conditions require importer undertakings and certified records; failure permits recovery of differential duty.
The amendment requires the importer to furnish an undertaking that component parts will be used only for the specified geodetic and survey instrument manufacture, maintain accounts of parts received and consumed as prescribed by the Assistant Collector of Customs, and produce a manufacturer-certified extract of such accounts within three months or an allowed extension; failure to comply permits recovery from the importer of the difference between duty leviable absent the exemption and duty already paid at importation.
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