Exemption to materials imported against VABL issued on or after 1-4-1995

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..... Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do. hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue). No. 79/95-Customs, dated the 31st March, 1995, namely :- In the said notification - (i) in condition (iii), - (a) clause (a) shall .....

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..... the heading, "I-IMPORT" for the portion beginning with the words' a Bond/Legal Undertaking in terms of", and ending with the brackets and words," (Strike off inapplicable portion)" the following shall be substituted, namely :- "A Bond in terms of the said notification shall be executed before clearance of the goods from the customs."; (b) under the heading, "II-EXPORT" for the portion beginn .....

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