Customs exemption for machinery parts - import duty capped at completed-article rate with certification and bond requirement. Exempts specified parts required for initial setting up, assembly or manufacture of listed plants and machinery from customs duty insofar as duty exceeds the rate for the complete article, conditional on certification by specified authorities and execution of a bond to pay any difference if parts are not proved to have been used for the declared purposes; identifies applicable tariff headings and exclusions.
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 machinery parts - import duty capped at completed-article rate with certification and bond requirement.
Exempts specified parts required for initial setting up, assembly or manufacture of listed plants and machinery from customs duty insofar as duty exceeds the rate for the complete article, conditional on certification by specified authorities and execution of a bond to pay any difference if parts are not proved to have been used for the declared purposes; identifies applicable tariff headings and exclusions.
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