Import against an Annual Advance Licence with actual user condition - Amendment to Notification No. 48/99-Cus. - 90/99 - Customs -Tariff

Import against an Annual Advance Licence with actual user condition - Amendment to Notification No. 48/99-Cus. Notification No. 90/99-Cus. Dated 6-7-1999 In exercise of the powers conferred by sub-section (1) of section 25 of the 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. 48/99-Customs, dated the 29th April, 1999, namely :- (1) in the said notification, - (i) for condition (i), the following condition shall be substituted, namely, - "(i) the said licence is issued for an export product group specifying the Cost Insurance Freight Value (CIF value) of import permitted against it and the Free On Board Value (FOB value) of export obligation to be achieved. The said licence shall be valid for import of any input covered under the standard input output norms for the said export product group as specified in the Hand Book of Procedure Volume II of Export and Import Policy"; (ii) after condition (i), the following condition shall be inserted, namely,ÿ- "(ia) an Actual User Duty Exemption Entitlement Certificate (hereinafter referred to as the said certificate) is issued to the holder of the said licence by the Licensing Authority in the form specified in the Schedule annexed to this notification. At the time of import, the full details of value, quantity, technical characteristics and other particulars, of the inputs imported against the said licence shall be entered in part 'C' of the said certificate by the proper officer"; (iii) for condition (vi), the following condition shall be substituted, namely, - "(vi) that the export obligation is discharged within eighteen months from the date of issue of the said licence or within such extended period as may be granted by the Licensing Authority by exporting resultant products manufactured in India. At the time of export, the full details of value, quantity, technical characteristics, and other particulars, of the resultant export product (hereinafter referred to as resultant product) shall be entered in part 'E' of the said certificate by the proper officer"; (v) in the Explanation, in sub-clause (a) of clause (iii), for the words "of the said certificate;", the words "of the said certificate by the proper officer;" shall be substituted; (2) In the Schedule annexed to the said notification, - (A) In 'Part' - I, - (a) for the words, brackets, and letters "to the above licencee and covered by the list of materials specified in list (a) of Part 'C' of this certificate", the words "to the above licencee" shall be substituted; (b) the paragraph beginning with the words "The importer shall discharge" and ending with the words "from the date of issue of licence," shall be omitted; (B) in Part -2, - (a) for the words, brackets, and letters "to the above licencee and covered by the list of materials specified in list (a) of Part 'C' of this certificate", the words "to the above licencee" shall be substituted; (b) the paragraph beginning with the words "The licencee shall discharge" and ending with the words "from the date of issue of licence." shall be omitted.