Customs exemption for medical equipment components permits reduced duty on imports subject to certification and bond. The notification grants a customs exemption for components imported for manufacture of specified electro medical equipments by limiting the duty payable to a stated ad valorem ceiling and exempting additional duty, subject to certification by the Industrial Adviser, verification by the Assistant Collector that components are used for the stated manufacture, and a bond obliging the importer to pay any differential duty if use is not proven.
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 for medical equipment components permits reduced duty on imports subject to certification and bond.
The notification grants a customs exemption for components imported for manufacture of specified electro medical equipments by limiting the duty payable to a stated ad valorem ceiling and exempting additional duty, subject to certification by the Industrial Adviser, verification by the Assistant Collector that components are used for the stated manufacture, and a bond obliging the importer to pay any differential duty if use is not proven.
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