Undertaking requirement for raw naphtha imports: conditional exemption subject to accounting, certified evidence and duty recovery on default. The amendment conditions the exemption for imported raw naphtha on a mandatory undertaking by the importer that the goods will be used for the specified manufacture, that accounts of receipt and consumption will be maintained as directed by the Assistant Collector of Customs, and that a manufacturer certified extract of such accounts evidencing receipt in the manufacturing premises will be produced within three months or such extended period as allowed; failure to comply will attract payment equal to the difference between duty leviable but for the exemption and duty already paid.
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Undertaking requirement for raw naphtha imports: conditional exemption subject to accounting, certified evidence and duty recovery on default.
The amendment conditions the exemption for imported raw naphtha on a mandatory undertaking by the importer that the goods will be used for the specified manufacture, that accounts of receipt and consumption will be maintained as directed by the Assistant Collector of Customs, and that a manufacturer certified extract of such accounts evidencing receipt in the manufacturing premises will be produced within three months or such extended period as allowed; failure to comply will attract payment equal to the difference between duty leviable but for the exemption and duty already paid.
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