Customs duty exemption for Value Based Advance Licence imports subject to compliance and export obligation discharge. Materials imported under a Value Based Advance Licence issued on or after 19th September, 1995 are exempt from customs and additional duty subject to conditions: production of a prescribed Value Based Duty Exemption Entitlement Certificate, execution of a bond (unless export obligation discharged) binding payment of duty with interest for non compliance, presentation of licence and certificate at clearance, specified ports/depots for movement, discharge of export obligation by exporting listed Indian manufactured products (excluding those availing certain excise facilities or drawback), evidence of discharge within prescribed time, and prohibition on disposal except for utilisation or replenishment.
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 Value Based Advance Licence imports subject to compliance and export obligation discharge.
Materials imported under a Value Based Advance Licence issued on or after 19th September, 1995 are exempt from customs and additional duty subject to conditions: production of a prescribed Value Based Duty Exemption Entitlement Certificate, execution of a bond (unless export obligation discharged) binding payment of duty with interest for non compliance, presentation of licence and certificate at clearance, specified ports/depots for movement, discharge of export obligation by exporting listed Indian manufactured products (excluding those availing certain excise facilities or drawback), evidence of discharge within prescribed time, and prohibition on disposal except for utilisation or replenishment.
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