https://www.taxtmi.com/circulars?id=2501 Unregistered raw material imported under the Advance Licensing Scheme shall not be diverted for domestic consumption. The authorisation holder may either re-export the imported raw material or use it to manufacture other finished goods for export, and the export obligation will be discharged to that extent. Customs shall ensure the exported material is the same as originally imported. The facility is available irrespective of the foreign buyer. If the export obligation period is not valid, the holder must pay a composition fee for extension; alternatively the inputs or finished goods may be destroyed under Excise Authority supervision after payment of customs duty with interest, with documentary evidence submitted to the Regional Authority. en-us Mon, 12 Dec 2005 00:00:00 +0530 Sat, 28 Feb 2009 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2501 Unregistered raw material imported under the Advance Licensing Scheme shall not be diverted for domestic consumption. The authorisation holder may either re-export the imported raw material or use it to manufacture other finished goods for export, and the export obligation will be discharged to that extent. Customs shall ensure the exported material is the same as originally imported. The facility is available irrespective of the foreign buyer. If the export obligation period is not valid, the holder must pay a composition fee for extension; alternatively the inputs or finished goods may be destroyed under Excise Authority supervision after payment of customs duty with interest, with documentary evidence submitted to the Regional Authority. Circulars DGFT Mon, 12 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2501