Import undertaking requirement imposes use, recordkeeping, certified production evidence and payment obligation for exempted alloy steel imports. The amendment requires the importer to furnish an undertaking that the imported alloy steel for I.C. engine valves 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, that a manufacturer certified extract evidencing receipt will be produced within three months (or extended period), and that the importer will pay, on demand, the difference between the duty leviable but for the exemption and the duty already paid if these conditions are not met.
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.
Import undertaking requirement imposes use, recordkeeping, certified production evidence and payment obligation for exempted alloy steel imports.
The amendment requires the importer to furnish an undertaking that the imported alloy steel for I.C. engine valves 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, that a manufacturer certified extract evidencing receipt will be produced within three months (or extended period), and that the importer will pay, on demand, the difference between the duty leviable but for the exemption and the duty already paid if these conditions are not met.
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