Common use of Import Duties Clause in Contracts

Import Duties. 27.1. The Contractor and its Subcontractors may enter under the regime of temporary admission the machinery and equipment necessary for oil exploitation to develop within this contract. 27.2. The foregoing, without prejudice of the faculty of the DGA to verify that the conciliations, sworn declarations, payments and credits performed by the Participating Company are in agreement with the procedures and conditions foreseen in the General Customs Law; and if it is required to perform the adjustments and/or payments resulting from such if applicable

Import Duties. 27.1. The Contractor and its Subcontractors may enter under the regime of temporary admission the machinery and equipment necessary for oil exploitation to develop within this contract. 27.2. The foregoing, without prejudice of the faculty of the DGA to verify that the conciliations, sworn declarations, payments and credits performed by the Participating Company are in agreement with the procedures and conditions foreseen in the General Customs Law; and if it is required to perform the adjustments and/or payments resulting from such if applicable.