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of <h1>Advance Licence Imports Exempt from Customs Duty in India with Conditions; Includes Export Obligations and Specific Procedures.</h1> The notification exempts materials imported into India under an Advance Licence issued on or after April 1, 1995, from customs duty, provided they are covered by a Quantity Based Duty Exemption Entitlement Certificate. Conditions include producing the licence and certificate at customs clearance, executing a bond for duty payment if conditions are unmet, and fulfilling export obligations within specified timeframes. Imports and exports must occur through designated ports or, with special permission, other locations. The notification outlines specific materials and conditions for transferability of licences and addresses procedures in case of default on export obligations.
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