Exemption for Advance Licence imports requires licence compliance, bonds, specified ports and discharge of export obligations. Exemption for materials imported under an Advance Licence relieves specified customs and additional duties subject to conditions: conformity with the licence, production at clearance, endorsements linking imports to resultant exports, execution of a bond (unless export obligation discharged), use of specified ports/depots/SEZs unless permitted otherwise, discharge and proof of export obligation within prescribed/extended periods, prohibition on transfer or sale of licence and materials (with limited post bond redemption transfers), joint bonds and utilisation requirements for merchant exporters, re export of defective materials within three years if identified, and an interest cap on default regularisation.
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.
Exemption for Advance Licence imports requires licence compliance, bonds, specified ports and discharge of export obligations.
Exemption for materials imported under an Advance Licence relieves specified customs and additional duties subject to conditions: conformity with the licence, production at clearance, endorsements linking imports to resultant exports, execution of a bond (unless export obligation discharged), use of specified ports/depots/SEZs unless permitted otherwise, discharge and proof of export obligation within prescribed/extended periods, prohibition on transfer or sale of licence and materials (with limited post bond redemption transfers), joint bonds and utilisation requirements for merchant exporters, re export of defective materials within three years if identified, and an interest cap on default regularisation.
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