Engg. Product Export Scheme - Modvat permitted on inputs - Spares Import allowed

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..... and Steel Intermediates) Scheme- Amendment of Notification No. 10/95- Customs dated the 7th March, 1995- Engineering Products Export (Replenishment of Iron Steel Intermediates) Scheme was notified by Ministry of Commerce on 1st March, 1995 and the Department of Revenue had issued Notification No. 10/95- Customs dated the 7th March, 1995 to give effect to the said scheme. In view of re .....

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..... s required for maintenance of capital goods installed in their factory upto 5% of the value of Advance Intermediate Licence subject to a actual use condition. The Value based Advance Intermediate Licence or the inputs imported against such licence (except spares and consumables) shall be freely transferable after the obligation to supply Iron Steel Intermediates have been fulfilled and the licen .....

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