Customs exemption for electronic watch module components: relief granted subject to certification, approved import programme and bond. The notification exempts component parts of electronic modules of digital, analogue and similar electronic wrist watches imported for manufacture of modules from customs duty beyond a 15% ad valorem rate and from additional duty under section 3, subject to: certification of listed parts by a Joint Director in the Department of Electronics; a certificate confirming import under a Department-approved programme; and execution of a bond to pay, on demand, the duty difference for goods not proved to have been used for the specified manufacture.
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Customs exemption for electronic watch module components: relief granted subject to certification, approved import programme and bond.
The notification exempts component parts of electronic modules of digital, analogue and similar electronic wrist watches imported for manufacture of modules from customs duty beyond a 15% ad valorem rate and from additional duty under section 3, subject to: certification of listed parts by a Joint Director in the Department of Electronics; a certificate confirming import under a Department-approved programme; and execution of a bond to pay, on demand, the duty difference for goods not proved to have been used for the specified manufacture.
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