Letter of Permission conditions clarified: proof of authorised use and customs-compliant destruction rules now required. The notification amends LoP-related conditions to require proof that capital goods were installed or used within the user industry and that other goods were used for export production or cleared for home consumption within the LoP validity. It revises destruction rules to allow destruction after Customs intimation or permission, subjects remnants cleared into the Domestic Tariff Area to duty, excludes certain precious items from this provision, and inserts the LoP definition from the Foreign Trade Policy.
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Letter of Permission conditions clarified: proof of authorised use and customs-compliant destruction rules now required.
The notification amends LoP-related conditions to require proof that capital goods were installed or used within the user industry and that other goods were used for export production or cleared for home consumption within the LoP validity. It revises destruction rules to allow destruction after Customs intimation or permission, subjects remnants cleared into the Domestic Tariff Area to duty, excludes certain precious items from this provision, and inserts the LoP definition from the Foreign Trade Policy.
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