Customs duty exemption for colour jumbo films limited to specified processing, conditional on importer undertaking and recovery on breach. The Central Government exempts colour jumbo films under Chapter 37 imported for processing into colour cine films from customs duty to the extent it exceeds 50% ad valorem, under section 25(1) of the Customs Act, 1962. The exemption requires an importer undertaking that the films will be used for the specified processing and a commitment to pay, on demand, the difference between the duty otherwise leviable and the duty paid at importation if that undertaking is breached.
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 duty exemption for colour jumbo films limited to specified processing, conditional on importer undertaking and recovery on breach.
The Central Government exempts colour jumbo films under Chapter 37 imported for processing into colour cine films from customs duty to the extent it exceeds 50% ad valorem, under section 25(1) of the Customs Act, 1962. The exemption requires an importer undertaking that the films will be used for the specified processing and a commitment to pay, on demand, the difference between the duty otherwise leviable and the duty paid at importation if that undertaking is breached.
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