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    <description>Concessional duty applies to leased machinery, equipment or tools imported temporarily for contract execution, subject to a declaration at import, a bond with bank guarantee to re-export and present goods for identification, and re-export within prescribed initial or extended periods with payment of duty differential where extensions are granted; interest under section 28AB applies to unpaid duty and goods under this concession are ineligible for drawback under section 74(2).</description>
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