Import of second-hand spares allowed without residual-life rule, and revalidation of advance licences without bank realisation certificates. Import of second-hand spares with second-hand capital goods is permitted under the Actual User condition without the five-year residual life requirement; additional SIL benefits in Handbook paragraphs (a)-(e) apply to exports on or after 1.4.97 while paragraph (f) applies only to exports on or after 1.4.98; Bank Realisation Certificates must not be insisted upon for revalidation of Advance licences.
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.
Import of second-hand spares allowed without residual-life rule, and revalidation of advance licences without bank realisation certificates.
Import of second-hand spares with second-hand capital goods is permitted under the Actual User condition without the five-year residual life requirement; additional SIL benefits in Handbook paragraphs (a)-(e) apply to exports on or after 1.4.97 while paragraph (f) applies only to exports on or after 1.4.98; Bank Realisation Certificates must not be insisted upon for revalidation of Advance licences.
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