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Advance Intermediate Licence for iron & steel under Engg. goods export scheme - Customs instructions

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..... teel Producers to manufacture Iron and Steel Intermediates for supply to Engineering Exporters, Notification No. 10/ 95-Customs dated the 7th March; 1995 has been issued. The following aspects should be kept in view while permitting duty free import against Value Based Advance Intermediate Licences issued under this Scheme. (i) Items permissible for import. The licence issued under the scheme shall be based on value based norms prescribed in the Handbook of Procedure, Vol. II for the sub-group "Iron, Steel, Ferro Alloys and Refractories" under the export product group "Engineering Product". The licence besides specifying the quantity and value of such Iron and Steel Intermediates required to be supplied to Engineering Exporters will a .....

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..... otification. The said condition makes it obligatory for the licence holder to use the inputs imported in his own factory and in on case the licence or the inputs imported are transferable. For discharge of this obligation, a certificate of such use of inputs by Central Excise Superintendent incharge of the factory should be insisted upon. The said certificate should also confirm that no MODVAT was availed in respect of iron and steel intermediates supplied to Engineering Product Exporter. The extent of security or surety to be taken can be decided by the Custom House depending upon the status of the importer i.e. whether Trading House, Export House, etc. (iv) Applicability of other conditions relating to VABAL Scheme. As specified in .....

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..... eering Products Exporters only against Release Advice issued by the Licencing Authority to the Engineering Product Exporter specifying the description, quantity, value and technical characteristics of the Iron and Steel Intermediates to be supplied. Exporters of Engineering Products seeking the Release Advice should not have a availed - (a) Brand Rate of drawback in respect of Iron and Steel Intermediates, or (b) Benefit of Duty Exemption in respect of Iron and Steel Intermediates; or (c) The facility of rule 191A or 191B (as in force immediately before 1st October, 1994) or under rule 12(1)(b) or 13(1)(b) of Central Excise Rules, 1944 in respect of such Iron and Steel Intermediates; or (d) the input stage credit under rule 56A .....

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