Import licence surrender requirement mandates enhanced SIL surrender for imports; exemptions permit certain duty free and licence free categories. The notification inserts Chapter 1A into the ITC (HS) schedule, amends specific Exim codes to classify certain items as Free or importable only against Special Import Licence (SIL), and establishes that imports under SIL require surrender of an SIL equivalent to five times the c.i.f. value unless a higher surrender applies. The Annexure lists categories permitted to import without a licence (subject to no foreign exchange remittance and compliance with other laws) including UN officials, returning professionals, mountaineering and exhibition goods (on re export), specified charitable gifts, Red Cross and relief supplies, certain defence donations, and foreign TV equipment on re export basis.
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.
Import licence surrender requirement mandates enhanced SIL surrender for imports; exemptions permit certain duty free and licence free categories.
The notification inserts Chapter 1A into the ITC (HS) schedule, amends specific Exim codes to classify certain items as Free or importable only against Special Import Licence (SIL), and establishes that imports under SIL require surrender of an SIL equivalent to five times the c.i.f. value unless a higher surrender applies. The Annexure lists categories permitted to import without a licence (subject to no foreign exchange remittance and compliance with other laws) including UN officials, returning professionals, mountaineering and exhibition goods (on re export), specified charitable gifts, Red Cross and relief supplies, certain defence donations, and foreign TV equipment on re export basis.
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