9911796707
TMI BlogExemption to Goods Imported against Advance LicencesX X X X Extracts X X X X X X X X Extracts X X X X ..... rder, 1955, being materials required to be imported for the purpose of manufacture of products (hereinafter referred to as the resultant products) or replenishment of materials having identical specifications and technical characteristics as these actually used in the manufacture of the resultant products exported, or both, or for export as mandatory spares alongwith the resultant products, for execution of one or more export orders or for transfer to another Advance Licence holder, from the whole of the duty of customs 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 under section 3 of the said Customs Tariff Act, subject to the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... teristics, as specified in Part 'E' of the said Certificate are exported or transferred to another Advance Licence holder within the time specified in the said Certificate or such extended period as may be granted by the licensing authority or the Committee; (d) the exempt materials shall be utilised for the manufacture of resultant products specified in Part 'E' of the said Certificate or for export as mandatory spares, and no portion thereof shall be sold, leaned transferred or disposed of in any other manner: Provided that where such exempt materials are imported for replenishment of materials having identical specifications and technical characteristics as these used in the manufacture of resultant products exported, the holder of an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ernment under the Office Memorandum of the Government of India in the Ministry of Commerce, Office of the Chief Controller of Imports & Exports, No. 3/54/75-EPC dated the 3rd December, 1975 and the Circular Nos. 9/30-85-EPC dated the 28th June, 1985, and 168-ITC (PN)88-91 dated 29-9-1989 (F. No. 9/191/86-EPC), for the time being in force, or as re-constituted by the Central Government from time to time; (iii) "exempt materials" means the materials imported and specified in Part 'C' of the said Certificate and eligible for exemption from duty under this notification; (iv) "Import and Export Policy April, 1990 - March, 1993" means the Import and Export Policy April, 1990 - March, 1993 published vide Public Notice of the Government of I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e resultant products; and where the relevant export order to be executed requires setting up of an industrial project or plant, the expression "materials" shall include such items as are imported into India against an Advance Licence, for subsequent exportation after carrying out modification or alignment or processing necessary for rendering them an intergral part or sub-system of the said industrial project or plant; (ix) "resultant products" means the goods specified in Part 'E' of the said Certificate. 2. Nothing contained in this notification shall apply to materials imported as replenishment of indigenous goods used in the manufacture of resultant products exported as discharge of export obligation under the said certificate, where ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ________ who after discharging the bond/legal undertaking shall return this certificate to the issuing authority. Signature OFFICE SEAL (Issuing Authority) Date: Bond(s)/legal undertaking(s) in terms of condition (b) of the said notification executed on _______________________________ for Rs. _________ (Rupees ________) and registered under ________ with this office. Signature OFFICE SEAL Address Date: PART A Names and address of factories of Advance Licence holder/supporting manufacturer where the resultant products for exports are manufactured. PART B Names and addresses of the factories of Advance Licence holder and supporting manufacturer where the ancillaries to the resultant products for exports are manufactured. PART C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in Part D under which the import of the materials has been entered. Description, quantity and value of materials on which duty is paid Rate of duty leviable i) Basic ii) Additional iii) Auxiliary Amount of i) duty ii) Interest Particulars of duty paying documents. Sign of the Customs Officer with designation and seal 1. 2. 3. 4. 5. 6. 7. PART H CERTIFICATE I, _____________________________ (Name) Power of Attorney Holder of _____________________________ (Importers) having their factory premises at _______________ in whose favour the Duty Exemption Entitlement Certificate Serial No. _______ dated _______ has been granted, certify that - (a) the goods exported as specified in Serial No. ( ..... X X X X Extracts X X X X X X X X Extracts X X X X
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