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of <h1>India Exempts Advance Licence Imports from Customs Duties Under Customs Tariff Act, 1975; Conditions Apply for Compliance.</h1> The notification exempts materials imported into India under an Advance Licence from customs duties, including additional, safeguard, and anti-dumping duties, as per the Customs Tariff Act, 1975. Conditions include presenting the licence at customs clearance, executing a bond to cover potential duty liabilities, and fulfilling export obligations within specified periods. Imports and exports must occur through designated ports, airports, or depots. The materials must not be transferred or sold, and specific conditions apply to Merchant Exporters. Defective materials can be re-exported within three years. In case of export obligation default, interest on duty paid is capped by a specified public notice.
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