Customs exemption for specified machinery parts permitted when imported for assembly, subject to authorised certification and bond. Exempts customs duty on parts for initial setting up, assembly or manufacture of specified machinery and electrical goods by relieving the portion of duty exceeding the rate applicable to the complete article reduced by 15% ad valorem, subject to proof to the Assistant Collector of Customs, certification by specified authorities, and execution of a bond requiring repayment of duty where parts are not used for the declared purposes.
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 specified machinery parts permitted when imported for assembly, subject to authorised certification and bond.
Exempts customs duty on parts for initial setting up, assembly or manufacture of specified machinery and electrical goods by relieving the portion of duty exceeding the rate applicable to the complete article reduced by 15% ad valorem, subject to proof to the Assistant Collector of Customs, certification by specified authorities, and execution of a bond requiring repayment of duty where parts are not used for the declared purposes.
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