Customs duty exemption for Advance Licence imports conditional on DEEC, bond security, specified ports and discharge of export obligation. Materials imported against an Advance Licence issued on or after 1 April 1997 are exempt from customs duty where imports are covered by a Duty Exemption Entitlement Certificate issued in prescribed form, the licence and certificate are produced at clearance, a bond with security is executed to cover duties where conditions are not complied with, export obligation in respect of Resultant products is discharged within the specified period (or extended period) with evidence produced, and imports/exports occur through prescribed ports or places unless otherwise permitted by the Commissioner of Customs.
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 duty exemption for Advance Licence imports conditional on DEEC, bond security, specified ports and discharge of export obligation.
Materials imported against an Advance Licence issued on or after 1 April 1997 are exempt from customs duty where imports are covered by a Duty Exemption Entitlement Certificate issued in prescribed form, the licence and certificate are produced at clearance, a bond with security is executed to cover duties where conditions are not complied with, export obligation in respect of Resultant products is discharged within the specified period (or extended period) with evidence produced, and imports/exports occur through prescribed ports or places unless otherwise permitted by the Commissioner of Customs.
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