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of <h1>New Customs Rule: Importers Must Certify Use of Vari Pitch Sheave Parts or Face Duty Differences</h1> Notification No. 280/86-Cus, dated April 28, 1986, issued by the Central Government under the Customs Act, 1962, amends a previous notification (No. 138/79-Customs) regarding customs exemptions for parts of vari pitch sheave stepless spindle speed regulators. The amendment requires importers to provide an undertaking that the imported parts will be used as specified, maintain records of receipt and consumption, and submit certified accounts within three months. Failure to comply with these conditions will result in the importer paying the difference between the duty levied and the duty paid at importation.
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