Import exemption conditions require undertakings on permitted use, recordkeeping, certified production proof and duty payment on breach. Amendment conditions the import exemption on the importer furnishing an undertaking that the goods will be used for the specified manufacturing purpose, that an account of goods received and consumed at the place of manufacture will be maintained as specified by the Assistant Collector of Customs, and that a certified extract of such account will be produced within a prescribed period or an extended period allowed by the Assistant Collector; failure to comply attracts payment, on demand, of the difference between duty leviable but for 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.
Import exemption conditions require undertakings on permitted use, recordkeeping, certified production proof and duty payment on breach.
Amendment conditions the import exemption on the importer furnishing an undertaking that the goods will be used for the specified manufacturing purpose, that an account of goods received and consumed at the place of manufacture will be maintained as specified by the Assistant Collector of Customs, and that a certified extract of such account will be produced within a prescribed period or an extended period allowed by the Assistant Collector; failure to comply attracts payment, on demand, of the difference between duty leviable but for the exemption and duty already paid at importation.
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