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of <h1>Exemption on Customs Duties for Imports under Annual Advance Licence with Actual User Condition in India.</h1> The notification exempts materials imported into India under an Annual Advance Licence with Actual User Condition from customs duties, as specified in the Customs Tariff Act, 1975, subject to certain conditions. These conditions include the issuance of a licence specifying import and export values, execution of a bond by the importer, and the requirement for imports and exports to be conducted through designated ports and stations. The notification also outlines the procedure for fulfilling export obligations and prohibits the disposal of exempt materials except for export purposes. The exemption is effective from July 1, 1999, with amendments and updates provided in subsequent notifications.
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