Goods supplied to a person holding duty free import licence - Exemption - Notification No. 82/92-C.E. amended - 003/98 - Central Excise - Tariff

Goods supplied to a person holding duty free import licence - Exemption - Notification No. 82/92-C.E. amended Notification No. 3/98-C.E. Dated 17-4-1998 In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 82/92-Central Excises, dated 27th August, 1992, namely :- In the said notification, - (i) for the words and figures "against an advance release order issued by the licensing authority in terms of paragraphs 7.15 or 7.17 of the Export and Import Policy", the words and figures "against an advance release order issued by the licensing authority in terms of paragraphs 7.15 or 7.17 of the Export and Import Policy or a back-to-back inland letter of credit issued by a bank in terms of paragraph 7.16 of the said Policy," shall be substituted. (ii) for clauses (i) and (ii), the following shall be substituted, namely, - "(i) the duty free licence holder produces the said advance release order specifying therein the quantity, description (including the technical specifications) and value of each of the said goods permittd to be cleared in accordance with this notification or, as the case may be, his copy of the back-to-back inland letter of credit specifying therein the name and address of the indigenous supplier, in original before the proper officer of Central Excise; and (ii) the quantity and the value of each of the items are debited by the proper officer of Central Excise in the said advance release order or, as the case may be, the back-to-back inland letter of credit, before allowing clearance of the said goods;"; and (iii) in the proviso, for the words "against advance release order", the words "against advance release order or, as the case may be, back-to-back inland letter of credit" shall be substituted.