Joint liability requirement for merchant exporters and supporting manufacturers enforces bond and onsite use of exempt materials for advance licence exports. The amendment inserts condition (viii) requiring the supporting manufacturer's name and address to appear in the Advance Licence, certificate and bond; mandates that the bond be executed jointly by the Merchant Exporter and the supporting manufacturer, binding them jointly and severally to comply with the notification's conditions; and requires that exempt materials be utilised in the supporting manufacturer's factory as per the utilisation condition. It also adds Serial No. 4 to cover products for export where Advance Licence is issued to a Merchant Exporter on applications made on or after the specified application date.
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Provisions expressly mentioned in the judgment/order text.
Joint liability requirement for merchant exporters and supporting manufacturers enforces bond and onsite use of exempt materials for advance licence exports.
The amendment inserts condition (viii) requiring the supporting manufacturer's name and address to appear in the Advance Licence, certificate and bond; mandates that the bond be executed jointly by the Merchant Exporter and the supporting manufacturer, binding them jointly and severally to comply with the notification's conditions; and requires that exempt materials be utilised in the supporting manufacturer's factory as per the utilisation condition. It also adds Serial No. 4 to cover products for export where Advance Licence is issued to a Merchant Exporter on applications made on or after the specified application date.
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