TMI BlogExemption to materials Imported Against Quantity Based Advance LicenceX X X X Extracts X X X X X X X X Extracts X X X X ..... issued by the Licensing Authority in the form specified in the Schedule annexed to this notification, in respect of the value, quantity, description, quality and technical characteristics: Provided that where quantity allowed for a particular description of materials cannot be imported within the specified value under the said certificate, the Commissioner of Customs may allow adjustment of individual value within the total value; (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 evidenced by endorse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... declared appears on the said licence. (vii) exempt materials shall not be disposed of or utilised in any manner, except for utilisation in discharge of export obligation, before the export obligation under the said licence has been discharged in full and export proceeds realised. Provided that the materials imported against an Advance Intermediate Licence issued after 31st March, 1993, shall not be disposed of after the discharge of export obligation and realisation of sale proceeds and such materials may be utilised by the importer for manufacture of any other goods. Provided that Acetic Anhydride in respect of which the benefit of this notification is claimed shall be utilised by the importer in his own factory or in the factory of any other manufacturer indicated in the said certificate even after discharge of export obligation and realisation of export proceeds; (viii) where benefit of this notification is sought by a person other than licencee, such benefit shall be allowed against the said licence and the said certificate only if it bears endorsement of transferability by the Licensing Authority. Provided that no such endorsement of transferability shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (b) spares and mandatory spares within a value limit of 5% of the value of the licence issued upto the 31st March 1993, which are required to be exported along with the export product; and (c) packaging materials required for packing of export product. QUANTITY BASED DUTY EXEMPTION ENTITLEMENT CERTIFICATE PART- I (IMPORT) (This consists of ____ pages) Sl. No. _____ (IMP) Date of issue _____ Port of Registration _______________ Issued to ___________________ ___________________ (name and full address of the licencee) ___________________ Materials imported against Licence No. _____ dt. ______ 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 customs duties subject to the conditions specified in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 204/92, dated 19th May, 1992. The importer shall make the exports in terms of the said Notification within _____ months from the date of issue of license. A Bond/Legal Undertaking, in terms of the said Notification, for Rs. . shall be executed with _____ (lice ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i. Basic ii. Aux. iii.Additional. Amount of Duty. Signature of the Customs Officer with Name, Designation and seal. 6. 7. 8. 9. 10. (Parts E 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 D under which the import of the materials has been entered. Description, Quantity and value of materials on which Duty paid. Rate of Duty leviable (i) Basic (ii) Auxiliary (iii) Additional 1. 2. 3. 4. Amount of i. Duty ii. Interest Particulars of duty paying documents Signature of the Customs Officer. 5. 6. 7. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PART F Particulars of exports S.No. S. 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 wt. of the export product Description as per the Shipping Bill. FOB Value in Rs./in US$ Signature of Customs Officer with name, designation seal and remarks if any. 6. 7. 8. 9. 10. PART H Statement of imports and exports/supply made Type of Licence :- Licence No.:- Date :- ________________ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xport obligation and the sale proceeds have been realilzed in full. We request that the licence and the DEEC may plese be made transferable. Signature.............................. Name of the Signatory.............................. Designation................................................ Full Address........................................... DEEC is made transferable Signature Seal of licensing authority Date ----------------------------------------------- Notes:- (As amended by Notification Nos. 248/92 dated 23/71992, 290/92 dated 19/5/1992, 99/93 dated 12/3/1999, 139/ 93 dated 18/6/1993, 159/93 dated 13/8/1993,183/93 dated 25/11/1993, 105/94 dated 18/3/1994, 136/94 dated 24/6/1994, 180/94 dated 25/10/1994, 82/95 dated 31/3/1995, 101/95 dated 26/5/1995 and 32/98 dated 4/6/1998) 1. Inserted vide Notification No. 46/2013-Customs dated September 26, 2013. 2. Substituted vide Not. 26/2017 - Dated 29-6-2017 , 1st day of July, 2017 , before it was read as. under section 3 - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMIT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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