TMI BlogExemption to materials imported under Duty Exemption Entitlement certificate issued in respect of the value, quantity, description, quality and technical characteristicsX X X X Extracts X X X X X X X X Extracts X X X X ..... he additional duty leviable thereon under sub-sections (1), (3) and (5) of section 3, safeguard duty leviable thereon under section 8B and anti-dumping duty leviable thereon under section 9A ] of the said Customs Tariff Act, subject to the following conditions, namely:- (i) that the materials imported are covered by Duty Exemption Entitlement Certificate (hereinafter referred to as the said certificate), issued by the Licensing Authority in the form specified in the Schedule annexed to this notification, in respect of the value, quantity, description, quality and technical characteristics; (ii) that the importer at the time of clearance of the imported materials executes a bond with such surety or security and in such form and for such sum as may be specified by the Assistant Commissioner of Customs or Deputy Commissioner of Customs binding himself to pay on demand an amount equal to the duty leviable, but for the exemption, on the imported materials in respect of which the conditions specified in this notification have not been complied with, together with interest at the rate of 1 [ fifteen percent ] per annum from the date of clearance of the said materials; Provid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Customs within a period of 30 days of the expiry of period allowed for fulfillment of export obligation, or within such extended period as the said Assistant Commissioner of Customs or Deputy Commissioner of Customs may allow; (vii) that the said licence and the materials shall not be transferred or sold; (viii) that in relation to an Advance Licence issued to a merchant Exporter, - (a) the name and address of the supporting manufacturer is specified in the said licence and the said certificate and the bond required to be executed by the importer in terms of condition (ii) shall be executed jointly by the Merchant Exporter and the supporting manufacturer binding themselves jointly and severally to comply with the conditions specified in this notification and (b) exempt materials are utilised in the factory of such supporting manufacturer for discharge of export obligation by the said merchant exporter. 2. Where the goods are found defective or unfit for use, the said goods may be re-exported back to the foreign supplier within 3 years from the date of payment of duty on the importation thereof : Provided at that the time of re-export the goods are identified to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rter shall discharge the export obligation in terms of the said notification within months from the date of issue of licence A bond with security/surety in terms of the said notification shall be executed before clearance of the goods from the Customs Siganture ............................. Seal of licensing authority ....................... Date........................ PART - A Names and addresses of the factories where the resultant products for export are manufactured. PART-B Names and addresses of factories where the ancillaries to the resultant products are manufactured. PART-C List of materials of import (a) MATERIALS TO BE IMPORTED UNDER THIS CERTIFICATE Sl.No. Item of import Quality Technical Characteristics 1. 2. 3. 4. Quantity CIF value in Indian Rs. and in equivalent US$ S. No. of the resultant products in Part E ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erest Particulars of duty paying documents Signature of the Customs Officer 6. 7. 8. DUTY EXEMPTION ENTITLEMTN CERTIFICATE PART -2 II. EXPORTS (This consists of Pages) Sl. No. (EXP) Date of Issue .Port of Registration .Issued to . (Name and full address of the licencee) Materials imported against Licence No..... dated....... issued by ..... to the above licencee and covered by the list of materials specified in list (a) of part 'C' of the certificate would be eligible for exemption from Basic Customs duty subject to the conditions specified in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 31/97-Customs, dated the ..April, 2000. (Sic) The licencee shall discharge the export obligation in terms of the said notification within .months from the date of licence. A Bond with surety/security in terms of the said notification shall be executed before clearance of the goods from customs. Signature ................. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Description Quantity Imported CIF value in Rs./in equivalent US$ 1. 2. 3. 4. 5. Details of Exports made: S.No. S.No. in Part E Description Quantity Imported FOB value Rs/in equivalent US$ 1. 2. 3. 4. 5. 1. I/We hereby declare that information given in this statement is correct. 2. I/We hereby declare that no benefit under 3 [Rule 18 or Rule 19 of the Central Excise (No. 2) Rules, 2001] has been avalied in respect of exports made under this DEEC. Signature..................... Name of the Signatory ................ Designation ..................... Full Address ....................... Certificate of Chartered Accountant/Cost Accountant I have examined the applicant firm's actual imports and exports as given above and find ..... X X X X Extracts X X X X X X X X Extracts X X X X
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