Advance Licence definition amended to specify qualifying licence types for import exemption under customs notification. Amendment to Notification No. 204/92-Cus substitutes the Explanations to define Advance Licence as the Quantity based Advance Licence issued under specified paragraphs of the Export and Import Policy April 1992-March 1997, the Advance Intermediate Licence issued under the relevant paragraph, or the Quantity based Advance Licence issued under another specified paragraph, thereby specifying which licence types qualify for the customs exemption on materials imported against advance licences.
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Provisions expressly mentioned in the judgment/order text.
Advance Licence definition amended to specify qualifying licence types for import exemption under customs notification.
Amendment to Notification No. 204/92-Cus substitutes the Explanations to define Advance Licence as the Quantity based Advance Licence issued under specified paragraphs of the Export and Import Policy April 1992-March 1997, the Advance Intermediate Licence issued under the relevant paragraph, or the Quantity based Advance Licence issued under another specified paragraph, thereby specifying which licence types qualify for the customs exemption on materials imported against advance licences.
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