Machine tools - Parts thereof [Chapter 84]
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Customs exemption for machine tool parts: conditional import relief requires certification, undertaking, recordkeeping, and repayment safeguards.
The Central Government exempts parts imported for initial setting up, assembly or manufacture of articles under headings 84.56-84.66 from customs duty in excess of a specified base amount and from additional duty, subject to certification by designated authorities, an importer's undertaking to use the parts for specified purposes, maintenance and production of certified accounts within a limited period, and payment of differential duty if conditions are breached; CNC systems and components are excluded.