Licence valuation cutoff for export-oriented supplies restricts treatment to licences issued before a specified cutoff. The notification amends Notification No. 101/93-Cus by adding a proviso clause in paragraph 2 for licences issued after 31st March, 1993, and substitutes in the Explanation clause (iii)(b) the phrase 'value of the licence' with 'value of the licence issued upto the 31st March, 1993,' thereby limiting licence-related valuation or treatment to licences issued on or before that cutoff.
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Provisions expressly mentioned in the judgment/order text.
Licence valuation cutoff for export-oriented supplies restricts treatment to licences issued before a specified cutoff.
The notification amends Notification No. 101/93-Cus by adding a proviso clause in paragraph 2 for licences issued after 31st March, 1993, and substitutes in the Explanation clause (iii)(b) the phrase "value of the licence" with "value of the licence issued upto the 31st March, 1993," thereby limiting licence-related valuation or treatment to licences issued on or before that cutoff.
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