Customs exemption undertakings required for fuel-efficient car components, with accounting and certified production; noncompliance triggers duty recovery. Amendment requires the importer to furnish an undertaking that components for fuel-efficient motor cars will be used for the specified purpose, that an account of components received and consumed at the place of manufacture will be maintained as specified by the Assistant Collector of Customs, and that a certified extract evidencing receipt will be produced within three months or an allowed extension; failure to comply makes the importer liable to pay 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 undertakings required for fuel-efficient car components, with accounting and certified production; noncompliance triggers duty recovery.
Amendment requires the importer to furnish an undertaking that components for fuel-efficient motor cars will be used for the specified purpose, that an account of components received and consumed at the place of manufacture will be maintained as specified by the Assistant Collector of Customs, and that a certified extract evidencing receipt will be produced within three months or an allowed extension; failure to comply makes the importer liable to pay the difference between duty leviable absent the exemption and duty already paid at importation.
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