Customs exemption undertaking requires specified use, prescribed recordkeeping and certified proof or payment of duty difference on default. The amendment requires an importer undertaking that the imported bulk drugs will be used only for the specified purpose, that accounts of goods received and consumed at the place of manufacture will be maintained as specified by the Assistant Collector of Customs, and that a manufacturer certified extract of those accounts will be produced within three months or such extended period as allowed by the Assistant Collector. Failure to comply triggers 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.
Customs exemption undertaking requires specified use, prescribed recordkeeping and certified proof or payment of duty difference on default.
The amendment requires an importer undertaking that the imported bulk drugs will be used only for the specified purpose, that accounts of goods received and consumed at the place of manufacture will be maintained as specified by the Assistant Collector of Customs, and that a manufacturer certified extract of those accounts will be produced within three months or such extended period as allowed by the Assistant Collector. Failure to comply triggers payment on demand of the difference between duty leviable but for the exemption and duty already paid at importation.
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