TMI BlogExemption to materials required for the manufacture of the final goods when imported against on import licence or release order on the canalising agencyX X X X Extracts X X X X X X X X Extracts X X X X ..... the final goods when imported into India, from whole of the duty of Customs leviable thereon, under the First Shcedule 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 CustomsTariff Act, subject to the following conditions, namely:- (1) that the importer has been granted necessary import licence or release order on the canalising agency (hereinafter called the said licence) by the Licensing Authority for the import or release of the said materials for the aforesaid purpose in terms of Export and Import Policy, 1st April, 1997-31st March, 2002 published by the Government of India under Ministry of Commerce Notif ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ay allow; (6) that the exempt materials are utilised for the manufacture of final goods and no portion of such materials shall be loaned, transferred, sold or disposed of in any other manner; Provided that where final goods in respect of which the said materials have been imported have already been manufactured and supplied as required under this notification, the importer may use the said materials for the manufacture of any other goods. (7) 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, Jaip ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xchange; (b) Supplies made to projects financed by multilateral or bilateral agencies/Funds as notified by the Department of Economic Affairs, Ministry of Finance under international competitive bidding or under limited tender system in accordance with the procedures of those agencies/Funds where the legal agreements provide for tender evaluation without including the customs duty; (c) Supplies made to units in the free trade zones and hundred percent export oriented undertakings (excluding free trade zone units/export oriented undertakings engaged in Diamond, Gem and Jewellery); (d) Supply of capital goods for fertiliser plants if the supply is made under the procedure of international competitive bidding; and (e) supplies of g ..... X X X X Extracts X X X X X X X X Extracts X X X X
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