https://www.taxtmi.com/circulars?id=850 Exemption from both basic and additional customs duties is allowed on materials imported against Value Based Advance Licences for specified leather and readymade garment exports where licences and corresponding licence applications are dated on or after the specified notification date; imports linked to exports or export obligations predating that filing are ineligible. Imported materials are subject to an Actual User condition, non-transferable, usable only by the licence holder or joint supporting manufacturer, and exports under this scheme are not eligible for drawback; Customs must monitor compliance and maintain separate records including CIF/FOB values and revenue foregone. en-us Thu, 21 Sep 1995 00:00:00 +0530 Fri, 18 Jul 2025 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=850 Exemption from both basic and additional customs duties is allowed on materials imported against Value Based Advance Licences for specified leather and readymade garment exports where licences and corresponding licence applications are dated on or after the specified notification date; imports linked to exports or export obligations predating that filing are ineligible. Imported materials are subject to an Actual User condition, non-transferable, usable only by the licence holder or joint supporting manufacturer, and exports under this scheme are not eligible for drawback; Customs must monitor compliance and maintain separate records including CIF/FOB values and revenue foregone. Circulars Customs Thu, 21 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/circulars?id=850