Duty exemption conditions amended to tighten proof of use and destruction requirements for goods under Letter of Permission. Amendment tightens exemptions under the LoP by requiring customs officer satisfaction that capital goods were installed or used within the unit during LoP validity and that non-capital goods were used in production, packaging for export, or cleared for home consumption within LoP validity. Duty is not leviable where specified goods are destroyed within the unit after intimation or outside with Customs permission, subject to officer satisfaction; units manufacturing and exporting precious metals and stones are excluded. 'Letter of Permission (LoP)' is defined as in Chapter 6 of the Foreign Trade Policy 2015-20.
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Duty exemption conditions amended to tighten proof of use and destruction requirements for goods under Letter of Permission.
Amendment tightens exemptions under the LoP by requiring customs officer satisfaction that capital goods were installed or used within the unit during LoP validity and that non-capital goods were used in production, packaging for export, or cleared for home consumption within LoP validity. Duty is not leviable where specified goods are destroyed within the unit after intimation or outside with Customs permission, subject to officer satisfaction; units manufacturing and exporting precious metals and stones are excluded. "Letter of Permission (LoP)" is defined as in Chapter 6 of the Foreign Trade Policy 2015-20.
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