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of <h1>Customs Act Amendment: Specified Ports for Advance Licence Imports/Exports from Dec 19, 1997, Ensures Streamlined Trade Compliance</h1> The Central Government, exercising its powers under the Customs Act, 1962, has amended Notification No. 80/95-Customs, which pertains to exemptions under Advance Licences issued on or after April 1, 1995. The amendment, effective December 19, 1997, modifies condition (iv) to specify that imports and exports must be conducted through designated sea ports, airports, or Inland Container Depots across various Indian cities. This change aims to streamline and specify the logistical points for trade activities under the Advance Licence scheme, ensuring compliance with the updated locations for import and export operations.
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