Back-to-back inland letter of credit accepted for duty-free clearance; officer must debit quantity and value prior to release. The notification amends the exemption to allow clearance against either an advance release order or a back to back inland letter of credit. The licence holder must produce the original advance release order or original back to back inland letter of credit specifying supplier, quantity, description and value. The proper officer of Central Excise must debit the quantity and value of each item in the presented document before allowing clearance.
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.
Back-to-back inland letter of credit accepted for duty-free clearance; officer must debit quantity and value prior to release.
The notification amends the exemption to allow clearance against either an advance release order or a back to back inland letter of credit. The licence holder must produce the original advance release order or original back to back inland letter of credit specifying supplier, quantity, description and value. The proper officer of Central Excise must debit the quantity and value of each item in the presented document before allowing clearance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
