https://www.taxtmi.com/circulars?id=769 Value Based Advance Intermediate Licences allow duty free import of inputs listed in Input Output Norms for manufacture of specified iron and steel intermediates to be supplied to engineering exporters. Importers must execute bonds with the Licensing Authority and Customs, comply with the actual user condition requiring use in their own factory, obtain Central Excise certification of use and non availment of input stage credit, and secure Release Advice before supply; Customs must maintain separate files and report duty foregone. en-us Wed, 08 Mar 1995 00:00:00 +0530 Tue, 15 Jul 2025 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=769 Value Based Advance Intermediate Licences allow duty free import of inputs listed in Input Output Norms for manufacture of specified iron and steel intermediates to be supplied to engineering exporters. Importers must execute bonds with the Licensing Authority and Customs, comply with the actual user condition requiring use in their own factory, obtain Central Excise certification of use and non availment of input stage credit, and secure Release Advice before supply; Customs must maintain separate files and report duty foregone. Circulars Customs Wed, 08 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/circulars?id=769