Duty exemption for Advance Licence imports subject to licence production, bond, port usage and discharge of export obligation. Materials imported against an Advance Licence under the Export and Import Policy are exempt from customs duty and certain additional duties when the licence description, value and quantity cover the imports and the licence is produced at clearance; imports require endorsement linking to resultant exports, execution of a bond (except after full discharge of export obligation), use of specified ports/airports/ICDs/LCSs or SEZs unless otherwise permitted, and discharge of export obligation within the licence period or authorized extension by exporting the specified resultant products.
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.
Duty exemption for Advance Licence imports subject to licence production, bond, port usage and discharge of export obligation.
Materials imported against an Advance Licence under the Export and Import Policy are exempt from customs duty and certain additional duties when the licence description, value and quantity cover the imports and the licence is produced at clearance; imports require endorsement linking to resultant exports, execution of a bond (except after full discharge of export obligation), use of specified ports/airports/ICDs/LCSs or SEZs unless otherwise permitted, and discharge of export obligation within the licence period or authorized extension by exporting the specified resultant products.
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