Duty exemption for advance licence permits duty-free import of garment inputs subject to licence, bond and export obligations. Notification No. 107/95-Customs grants duty and additional duty exemption for materials imported under a Special Value Based Advance Licence for export of readymade garments, conditional on possession of a Value Based Duty Exemption Entitlement Certificate, an export order backed by an irrevocable Letter of Credit and a corresponding overseas Letter of Credit, production of licence/certificate/LC at customs, execution of a bond securing duty in case of non-compliance, exclusive use of materials for manufacture and export, timely discharge of export obligation with documentary proof, and routing through prescribed ports unless specially permitted.
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.
Duty exemption for advance licence permits duty-free import of garment inputs subject to licence, bond and export obligations.
Notification No. 107/95-Customs grants duty and additional duty exemption for materials imported under a Special Value Based Advance Licence for export of readymade garments, conditional on possession of a Value Based Duty Exemption Entitlement Certificate, an export order backed by an irrevocable Letter of Credit and a corresponding overseas Letter of Credit, production of licence/certificate/LC at customs, execution of a bond securing duty in case of non-compliance, exclusive use of materials for manufacture and export, timely discharge of export obligation with documentary proof, and routing through prescribed ports unless specially permitted.
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