TMI BlogMaterial imported into India against Special Value Based Advance Licence for the export of readymade GarmentsX X X X Extracts X X X X X X X X Extracts X X X X ..... of Customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and from the whole of the additional duty leviable thereon 1 [ under sub-sections (1), (3) and (5) of section 3 ] of the said Customs Tariff Act, subject to the following conditions, namely:- (1) Material imported are covered by a Value Based Duty exemption Entitlement Certificate (hereinafter referred to as the said certificate) issued by the Licencing Authority in the form specified in the Schedule annexed to this notification; (2) The importer has received an export order for export of readymade garments for which the foreign buyer has opened an irrevocable Letter of Credit in freely convertible currency in favour of the importer and the importer has in turn also opened an overseas Letter of Credit (hereinafter referred to as the overseas Letter of Credit) for import of materials for a value not exceeding 67% of the value of the irrevocable Letter of Credit opened by the foreign buyer. (3) The importer at the time of clearance, - (a) produces the said licence, certificate, and the overseas Letter of Credit for debit by proper officer of Customs; (b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds is paid to regularise the default, the amount of interest paid by the importer shall not exceed the amount of duty if such regularisation has been dealt in terms of Public Notice of the Government of India in the Ministry of Commerce No. 22 (RE-2013)/2009-2014 dated the 12 th August, 2013. ] Explanation In this notification, - (i) Export and Import Policy means Export and Import Policy 1 April 1992 - 31 March, 1997 (Revised Edition : March, 1995) published vide notification of Government of India in the Ministry of Commerce notification No.1 (RE-95)/92-97 dated the 31st March, 1995. (ii) Licencing authority means the Director General, Foreign Trade appointed under the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) or an officer authorised by him to grant a licence under the said Act, (iii) materials means - (a) fabrics to be actually used in the manufacture of garments to be exported to the foreign buyer in terms of Letter of Credit opened by him in favour of importer; (b) Trimmings and embellishments and sample yardage not exceeding 3% of the value of overseas Letter of Credit. THE SCHEDULE Value based duty exemption ent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iption Quantity and net weight 1. 2. 3. 4. 5. CIF Value Duty leviable but for exemption Signature of the Customs Officer with Name, Designation Seal Heading No. of the First Schedule to the Customs Tariff Act, 1975 and Heading No. in the Schedule to the Central Excise Tariff Act, 1985 for levy of Additional Duty Rate of Duty (i) Basic (ii)Additional Amount of Duty 6. 7. 8. 9. 10. (Parts E and F figure in the Export Part of this DEEC) PART -G Duties paid on materials in respect of which the conditions of said Notification are not complied with Sl.No. Sl. No. in Part ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . 2. 3. 4. Quantity FOB Value in Rs./US$ S. No. of the materials in Part C 5. 6. 7. PART -F Particulars of exports Sl.No. Sl. No. of the resultant product in Part E Name of the Custom House of Shipment Shipping Bill No. Date Name of the vessel and outward entry of the vessel 1. 2. 3. 4. 5. Quantity Net weight of the export product Description as per the Shipping Bill FOB Value in Rs./US$ Signature of Customs Offic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ....... Seal......................................................... Membership No................................. ------------------------------------- Notes:- [Notfn. No. 107/95-Cus. dt. 2.6.1995 as amended by 140/95, 6/96 and 28/96] 1. Substituted vide Notification No. 61/99-Cus, dated 11-5-1999, before substitution it was read as:- Assistant Commissioner of Customs 2. Substituted vide Notification No. 61/99-Cus, dated 11-5-1999, before substitution it was read as:- Assistant Commissioner of Customs 3. Substituted vide Notification No. 61/99-Cus, dated 11-5-1999, before substitution it was read as:- Assistant Commissioner of Customs 4. [(6) that the imports and exports are undertaken through sea ports at Bombay, Calcutta, Cochin, Kandla, Mangalore, Marmagoa, Madras, Nhava Sheva, Paradeep, Tuticorin and Visakhapatnam, or through any of the airports at the Ahmedabad, Bangalore, Bombay, Calcutta, Coimbatore, Delhi, Hyderabad, Jaipur, Madras, Srinagar, Trivandrum and Varanasi or through any of the Inland Container Depots at Bangalore, Coimbatore, Delhi Gauhati, Hyderabad, Kanpur, Ludhiana, Moradabad, Pimpri( ..... X X X X Extracts X X X X X X X X Extracts X X X X
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