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    <title>Exemption to goods imported against Value Based Advance Licence</title>
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    <description>Exempts materials imported against Value Based Advance Licences issued by the cut off date from basic and additional customs duties subject to conditions: production of a Value Based Duty Exemption Entitlement Certificate, execution of a bond or legal undertaking and a duty payment declaration for non compliance, presentation and debit endorsement of the licence and certificate at customs, imports/exports through specified ports or by special permission, discharge of prescribed export obligations without certain excise credits or drawback claims, restrictions on disposal until obligations and realisation are complete, and controlled transferability of licences.</description>
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