Undertaking requirement for imported engine parts requires specified use, recordkeeping, certified receipt within three months, and duty payment on noncompliance. Amendment requires the importer to furnish an undertaking that the imported parts will be used for the specified manufacturing purpose; an account of parts received and consumed at the place of manufacture will be maintained as specified by the Assistant Collector of Customs; a manufacturer certified extract of that account will be produced within three months or as extended by the Assistant Collector; and, on failure to comply with these conditions, the importer will pay on demand the difference between the duty leviable but for the exemption and the duty already paid at importation.
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Provisions expressly mentioned in the judgment/order text.
Undertaking requirement for imported engine parts requires specified use, recordkeeping, certified receipt within three months, and duty payment on noncompliance.
Amendment requires the importer to furnish an undertaking that the imported parts will be used for the specified manufacturing purpose; an account of parts received and consumed at the place of manufacture will be maintained as specified by the Assistant Collector of Customs; a manufacturer certified extract of that account will be produced within three months or as extended by the Assistant Collector; and, on failure to comply with these conditions, the importer will pay on demand the difference between the duty leviable but for the exemption and the duty already paid at importation.
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