Duty-free procurement under bond for polyester yarn manufacturers enabled with procedural relaxations to promote export compliance. Polyester yarn manufacturers under the Intermediate Advance Licensing Scheme may procure Polyester Staple Fibre duty-free under bond under Rule 191B with relaxations: the whole factory is treated as bonded, local Central Excise supervision of internal issues is not required, and a one-time procurement permission replaces piece meal consignment permissions; parties must enter a joint bond with licensing authorities to ensure eventual export, and quarterly reports on procedure implementation are to be submitted for review.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Duty-free procurement under bond for polyester yarn manufacturers enabled with procedural relaxations to promote export compliance.
Polyester yarn manufacturers under the Intermediate Advance Licensing Scheme may procure Polyester Staple Fibre duty-free under bond under Rule 191B with relaxations: the whole factory is treated as bonded, local Central Excise supervision of internal issues is not required, and a one-time procurement permission replaces piece meal consignment permissions; parties must enter a joint bond with licensing authorities to ensure eventual export, and quarterly reports on procedure implementation are to be submitted for review.
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