Advance Licence duty exemption requires a Duty Exemption Entitlement Certificate, bond, use for resultant exports and timely discharge. Goods imported against an Advance Licence are exempt from customs and additional duty where covered by a Duty Exemption Entitlement Certificate, the importer claims exemption at clearance, executes a bond/legal undertaking, declares to pay duty if conditions fail, and ensures exempt materials are used to manufacture specified resultant products or exported as mandatory spares within certificate time limits; specified port routing, replenishment rules, transfer mechanics, documentary endorsements and discharge procedures apply.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Advance Licence duty exemption requires a Duty Exemption Entitlement Certificate, bond, use for resultant exports and timely discharge.
Goods imported against an Advance Licence are exempt from customs and additional duty where covered by a Duty Exemption Entitlement Certificate, the importer claims exemption at clearance, executes a bond/legal undertaking, declares to pay duty if conditions fail, and ensures exempt materials are used to manufacture specified resultant products or exported as mandatory spares within certificate time limits; specified port routing, replenishment rules, transfer mechanics, documentary endorsements and discharge procedures apply.
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