TMI BlogImplementation of Advance Authorisation Scheme for deemed export under Foreign Trade Policy, 2023, 2023 - Exempts materials required for the manufacture of the final goods when imported into India.X X X X Extracts X X X X X X X X Extracts X X X X ..... orted into India, from whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as Customs Tariff Act) and from the whole of the additional duty leviable thereon under sub-sections (1), (3) and (5) of section 3 , safeguard duty leviable thereon under section 8B , countervailing duty leviable thereon under section 9 and anti-dumping duty leviable thereon under section 9A of the said Customs Tariff Act, except specified in para 2 to this notification, subject to the following conditions, namely:- (i) that the importer has been granted Advance Authorisation for deemed export by the Regional Authority in terms of paragraph 4.05(c)(iii) of the F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons specified in this notification are not complied with, together with interest at the rate of fifteen per cent per annum from the date of clearance of the said materials; (v) that in respect of imports made after the discharge of export obligation, if facility under rule 18 or sub-rule (2) of rule 19 of the Central Excise Rules, 2017 or of the CENVAT Credit under CENVAT Credit Rules, 2017 has been availed, then the importer shall, at the time of clearance of the imported materials furnish a bond to the Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the case may be, binding himself, to use the imported materials in his factory or in the factory of his supporting manufacturer for the manufacture of dutiab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Provided that the Commissioner of Customs may, by special order or a public notice and subject to such conditions as may be specified by him, permit import and export through any other seaport, airport, inland container depot or through a land customs station within his jurisdiction; (viii) that the export obligation as specified in the said authorisation (both in value and quantity terms) is discharged within the period specified in the said authorisation or within such extended period as may be granted by the Regional Authority by supplying final goods manufactured in India which are specified in the said authorisation; (ix) that the importer produces evidence of having discharged obligation to supply final goods to the satisfact ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation . - For the purposes of this notification,- (I) dutiable goods means excisable goods which are not exempt from central excise duty and which are not chargeable to 'nil' rate of central excise duty; (II) Export Oriented Units has the same meaning as assigned to it in paragraph 9.18 of the Foreign Trade Policy; (III) Final goods means - (a) supply of goods against Advance Authorisation or Advance Authorisation for annual requirement or Duty Free Import Authorisation Scheme; (b) supply of goods to Export Oriented Units or Software Technology Parks or Electronic Hardware Technology Parks or Biotechnology Parks; (c) supply of capital goods against Export Promotion Capital Goods Authorisation; (d) supp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any of the mega power projects specified in the list 31 at Sl. No. 598 of notification No. 50/2017-Customs dated the 30th June, 2017, as amended from time to time, provided the mega power project conforms to the threshold generation capacity specified in the said Notification. The supply should be made under ICB procedure. The ICB condition shall not be mandatory if the requisite quantum of power has been tied up through tariff based competitive bidding or if the project has been awarded through tariff based competitive bidding; (i) for supply for official use or to the projects funded by UN or International Organisation in terms of Notification No. 84/97-Customs dated the 11th November, 1997 ; (j) Supply of goods to nuclear power ..... X X X X Extracts X X X X X X X X Extracts X X X X
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