Amends Notification No. 21/2002- Customs - Exemption and effective rate of basic and additional duty for specified goods of Chapter 1 to 99. - 65/2011-Customs - Customs -Tariff
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Security for provisional Mega Power Project imports: fixed deposit covering customs duty must be furnished or forfeited. Where an importer claims exemption under a provisional Mega Power Project status certificate, the importer must furnish at importation a Fixed Deposit Receipt from a Scheduled Bank in the name of the President of India for a term of thirty six months or more, equal to the customs duty otherwise payable, to the Deputy Commissioner or Assistant Commissioner of Customs; failure to furnish the final status certificate within thirty six months permits appropriation of the security towards the customs duty.
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.
Security for provisional Mega Power Project imports: fixed deposit covering customs duty must be furnished or forfeited.
Where an importer claims exemption under a provisional Mega Power Project status certificate, the importer must furnish at importation a Fixed Deposit Receipt from a Scheduled Bank in the name of the President of India for a term of thirty six months or more, equal to the customs duty otherwise payable, to the Deputy Commissioner or Assistant Commissioner of Customs; failure to furnish the final status certificate within thirty six months permits appropriation of the security towards the customs duty.
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