Importer's undertaking required for exemption: use limitation, recordkeeping, certified production of accounts, pay duty difference on failure. The substituted proviso requires the importer to furnish an undertaking that the imported goods will be used for the specified purpose, that accounts of goods received and consumed at the place of manufacture will be maintained as directed by the Assistant Collector of Customs, and that an extract of such account certified by the manufacturer will be produced within the permitted period; failure to comply will render the importer liable to pay the difference between the duty leviable but for the exemption and that 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.
Importer's undertaking required for exemption: use limitation, recordkeeping, certified production of accounts, pay duty difference on failure.
The substituted proviso requires the importer to furnish an undertaking that the imported goods will be used for the specified purpose, that accounts of goods received and consumed at the place of manufacture will be maintained as directed by the Assistant Collector of Customs, and that an extract of such account certified by the manufacturer will be produced within the permitted period; failure to comply will render the importer liable to pay the difference between the duty leviable but for the exemption and that already paid at importation.
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