Customs exemption for seafood inputs: available subject to MPEDA registration, export linked value cap and Authority certification. Insertion of condition 98 into the principal Customs exemption notification permits concessional import of goods for processing sea food for export where the importer is registered with the Marine Products Export Development Authority, the total value of imports under the condition does not exceed an export linked cap based on the exporter's prior year FOB exports, and the importer furnishes an Authority certificate certifying prior year exports and the value and quantity already imported in the current year.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for seafood inputs: available subject to MPEDA registration, export linked value cap and Authority certification.
Insertion of condition 98 into the principal Customs exemption notification permits concessional import of goods for processing sea food for export where the importer is registered with the Marine Products Export Development Authority, the total value of imports under the condition does not exceed an export linked cap based on the exporter's prior year FOB exports, and the importer furnishes an Authority certificate certifying prior year exports and the value and quantity already imported in the current year.
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