Customs exemption for imported machinery parts subject to certification and bond to recover duties if unused. Parts imported for initial setting up, assembly or manufacture of specified electrical plant and machinery are exempt from customs duty to the extent the duty exceeds the rate applicable to the finished article, subject to certification by prescribed industrial authorities and execution of a bond to repay the duty differential for parts not proved to have been used for the stated purpose.
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 imported machinery parts subject to certification and bond to recover duties if unused.
Parts imported for initial setting up, assembly or manufacture of specified electrical plant and machinery are exempt from customs duty to the extent the duty exceeds the rate applicable to the finished article, subject to certification by prescribed industrial authorities and execution of a bond to repay the duty differential for parts not proved to have been used for the stated purpose.
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