TMI BlogExemption to goods imported against Value Based Advance LicenceX X X X Extracts X X X X X X X X Extracts X X X X ..... on 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; (ii) that the importer at the time of clearance of the imported materials - (a) produces proof of having executed a bond or a legal undertaking before the Licensing Authority concerned, for complying with the conditions of this notification; and (b) makes a declaration before 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; Provided that a bond or a legal undertaking and the declaration shall not be necessary in respect of imports made after discharge of export obligation in full, as evidence by endorsement of Licensing Authority in the said Certificate; (iii) that the said licence and the said certificate is produced before the proper officer of customs at the time of clearance of imported goods out of customs control; Provided that no such imported ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d that benefit of this notification shall not be allowed to a transferee of licence for import of Acetic Anhydride except where the licence is endorsed for transferability before 24th November, 1993, and is transferred to an actual user who undertakes to use the Acetic Anhydride in his own factory. (viii) Notwithstanding anything contained in conditions (vi) and (vii) above, the endorsement of transferability of disposal of materials shall be allowed in respect of licences issued for the export of all kinds of writing instruments (including gift sets and refills/ nibs) on fulfilment of export obligation only in favour of manufacturer of writing instruments. 1 [2. In a case of default in export obligation, when the duty on goods 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. ] Explanations :- In this notification,- (i) Export and Import Policy April, 1992 - March 1997 means the Export and Import Policy 1 April 1992 - March ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 992. The importer shall make the exports in terms of the said Notification within ............. months from the date of issue of licence. A Bond/Legal Undertaking, in terms of the said Notification, for Rs............. shall be executed with................. (licensing authority), before clearances of the goods from the customs. Signature Seal of licensing authority date Bond/Legal undertaking executed on........................... for Rs.......................... (Rs................................) and registered under Sl. No........................ with this office. It has been verified that the export obligation has been discharged in full. Therefore requirement of Bond/Legal undertaking is waived. (Strike off inapplicable portion) 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. PART-C List of items of import Sl. No. Item of Import Quality ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re of the Customs Officer 5. 6. 7. VALUE BASED DUTY EXEMPTION ENTITLEMENT CERTIFICATE PART- 2 (EXPORT) (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 importer and covered by the list of materials specified under part 'C' of this certificate would be eligible for exemption from custom duties subject to the conditions specified in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 203/92-Customs, dated 19th May, 1992. The importer shall make the exports in terms of the said Notification within ............. months from the date of issue of licence. A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PART -H Statement of Imports and Exports Made Type of Licence :- Licence No :- Date : ................................... .................................. ............................................ .................................... ................................... ............................................ Details of Imports Made Sl. No. Sl. No. of part C Description Quantity Imported C.I.F. Value In Rs. In Equivalent US$ 1. 2. 3. 4. 5. Details of Exports Made Sl.No. Sl. No. in part E Description Quantity Exported F.O.B. Value In Rs. In Equivalent US$ 1. 2. 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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