Common use of Right to Import; Customs Duties Clause in Contracts

Right to Import; Customs Duties. The Grantor encourages the Concessionaire and its Contractors to incorporate as much locally produced material, equipment, and supplies as is commercially reasonable for the Concessionaire‟s participation in the Project. Nonetheless, the Concessionaire and its Contractors shall be entitled to: import without restriction plant machinery and equipment not manufactured locally, and required for the design, research, engineering, financing, construction, operation, maintenance, and Rehabilitation of the Project Facilities, as the case may be, subject to compliance with any restrictions imposed by the Laws of Montenegro (including payment of applicable Customs Duties and relevant Taxes) provided that such imported plant machinery and equipment shall be used in relation to the Project and will not be sold or otherwise transferred to or used by another Person other than the Concessionaire or its Contractors.

Right to Import; Customs Duties. The Grantor encourages the Concessionaire and its Contractors to incorporate as much locally produced material, equipment, and supplies as is commercially reasonable for the Concessionaire‟s participation in the Project. Nonetheless, the Concessionaire and its Contractors shall be entitled to: to import without restriction plant machinery and equipment not manufactured locally, and required for the design, research, engineering, financing, construction, operation, maintenance, and Rehabilitation of the Project Facilities, as the case may be, subject to compliance with any restrictions imposed by the Laws of Montenegro (including payment of applicable Customs Duties and relevant Taxes) ), provided that such imported plant machinery and equipment shall be used in relation to the Project and will not be sold or otherwise transferred to or used by another Person other than the Concessionaire or its Contractors.