Input identification requirement: shipping bill must exactly state inputs used so authorisations are redeemable upon proportional consumption. Exact correspondence between inputs used and inputs endorsed in the shipping bill is mandatory for Authorisation redemption; where SION aggregates multiple inputs against a single quantity, permitted imports and entitlement must be allocated in proportion to actual consumption and that proportion must be indicated in the shipping bill, and only inputs specifically indicated in the shipping bill will be allowed at export obligation discharge or redemption.
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.
Input identification requirement: shipping bill must exactly state inputs used so authorisations are redeemable upon proportional consumption.
Exact correspondence between inputs used and inputs endorsed in the shipping bill is mandatory for Authorisation redemption; where SION aggregates multiple inputs against a single quantity, permitted imports and entitlement must be allocated in proportion to actual consumption and that proportion must be indicated in the shipping bill, and only inputs specifically indicated in the shipping bill will be allowed at export obligation discharge or redemption.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
