TMI BlogThis notification exempts input required for the manufacture of iron and steel intermediatesX X X X Extracts X X X X X X X X Extracts X X X X ..... the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), subject to the following conditions, namely :- (1) that the importer has been granted necessary import licence (hereinafter referred to as the said licence) by the Licensing Authority for the import of the said inputs for the aforesaid purpose in terms of Engineering Products Export (Replenishment of Iron and Steel Intermediates) Scheme as notified by the Government of India in the Ministry of Commerce Notification No. S.O.130(E) dated the 1st March, 1995 and the said licence has been produced at the time of clearance for debit by the proper officer of customs; (2) Omitted. (3) the importer furnishes a bond, with such suret ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rson other than the licencee, such benefit shall be allowed against the said licence only if it bears endorsement of transferability by the Licencing Authority : Provided that endorsement of transferability shall not be made by the Licencing Authority before the obligation to supply iron and steel intermediates under the said licence has been fulfilled; (7) that the imports and exports are undertaken through sea ports at Bombay, Calcutta, Cochin, Kandla, Mangalore, Marmagao, Madras, Nhava Sheva, Paradeep, Tuticorin and Visakhapatnam or through any of the airports at Ahmedabad, Bangalore, Bombay, Calcutta, Coimbatore, Delhi, Hyderabad, Jaipur, Madras, Srinagar, Trivandrum and Varanasi, or through any of the Inland Container Depots at ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n respect of which value addition has been specified in the I-O Norms, and such items are supplied to an exporter as replenishment for similar items already used in the manufacture of the Engineering Products against a Release Advice issued by the Licensing Authority : Provided that no such Release Advice shall be issued by the Licensing Authority where benefit of duty exemption for such items has been availed under any other scheme. (v) Licensing Authority means the Director General of Foreign Trade v, appointed under section 6 of 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; (vi)\, Release Advice means a Release Order indicating ..... X X X X Extracts X X X X X X X X Extracts X X X X
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