TMI BlogMaterial imported into India against Special Value Based Advance Licence for export of readymade garmentsX X X X Extracts X X X X X X X X Extracts X X X X ..... ms 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 5 [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) That the importer, at the time of clearance of imported materials,- (a) produces the said licence and the said certificate for debit by the proper officer of the Customs; (b) Omitted. (c) 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 on the imported materials but for the exemption contained herein in respect of which the conditions specified in this notification have not been complied with together with interest at the rate of 24% per a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l 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 as specified in Part E, under the heading II. EXPORT , of the said certificate, and (b) Trimmings and embellishments, not exceeding 25% of the value of fabrics actually imported or 20% of the CIF value of licence, whichever is more, namely:- 1. Buckles, hooks and bars. 2. Collarstays, Collar patties, butterfly, shoulder pads and other garment stays including plastic stays. 3. Paper patterns/plastic patterns 4. Polyester button blanks, polyester buttons, pearl buttons, plastic buttons, chalk buttons, horn buttons, metal buttons. 5. Lables including woven, printed stickers, stone stickers, selfadhesive metal lables, rubererised lables and wo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. 4. Quantity CIF Value in Indian Rs. and equivalent US $ S. No. of the resultant products in Part E 5. 6. 7. Total value: = PART -D Particulars of import of materials Sl.No. No. of the materials in Part C Bill of Entry No. date and Custom House of Import Description Quantity and net weight 1. 2. 3. 4. 5. CIF Value Duty leviable but for exemption Signature of the Customs Officer with Name, Designation and Seal Heading No. of the First Schedule to the Customs Tariff Act, 1975 and Hea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ication shall be executed before clearance of the goods from the Customs. Signature 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 for export are manufactured. (Parts C and D figure in the Import Part of this DEEC) PART -E Resultant products Sl. No. Description Quality Technical Characteristics 1. 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 th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er this certificate. 3. Duties on materials not used in the export product have been paid as per details in Part G. Signature .............................................. Name of the Signatory .......................... Designation............................................. Full Address ........................................... Certificate by Chartered Accountant/Cost Accountant I have examined the applicant firm's actual imports and exports as given above and find them as correct. Signature............................................... Seal......................................................... Membership No................................... ------------------------------------------- Notes:- [Notfn. No. 106/95-Cus. dt. 2.6.1995 as amended by Notfn. No. 142/95, 5/96 and 27/96] 1. Substituted vide Notification No. 27/96-Cus, dated 15-6-1996, before substitution it was read as:- (3) 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, ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
