Customs exemption for imports under Advance Licence permits duty-free inputs subject to export obligation, bond and utilisation conditions. Exemption from customs and additional duties is available for materials imported under an Advance Licence or Advance Authorisation for Annual Requirement with actual user condition, subject to conditions: licence issuance to manufacturer or merchant exporters specifying export product group and values; production of the licence at customs for debiting imports; execution of a bond to secure duty where obligations are not complied with; utilisation of materials solely for discharge of export obligation or replenishment; discharge of export obligation within the licence period or extended period; and customs verification of export discharge within thirty days of expiry.
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.
Customs exemption for imports under Advance Licence permits duty-free inputs subject to export obligation, bond and utilisation conditions.
Exemption from customs and additional duties is available for materials imported under an Advance Licence or Advance Authorisation for Annual Requirement with actual user condition, subject to conditions: licence issuance to manufacturer or merchant exporters specifying export product group and values; production of the licence at customs for debiting imports; execution of a bond to secure duty where obligations are not complied with; utilisation of materials solely for discharge of export obligation or replenishment; discharge of export obligation within the licence period or extended period; and customs verification of export discharge within thirty days of expiry.
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