https://www.taxtmi.com/notifications?id=117759 Amendment tightens exemptions under the LoP by requiring customs officer satisfaction that capital goods were installed or used within the unit during LoP validity and that non-capital goods were used in production, packaging for export, or cleared for home consumption within LoP validity. Duty is not leviable where specified goods are destroyed within the unit after intimation or outside with Customs permission, subject to officer satisfaction; units manufacturing and exporting precious metals and stones are excluded. "Letter of Permission (LoP)" is defined as in Chapter 6 of the Foreign Trade Policy 2015-20. en-us Mon, 25 May 2015 00:00:00 +0530 Tue, 26 May 2015 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=117759 Amendment tightens exemptions under the LoP by requiring customs officer satisfaction that capital goods were installed or used within the unit during LoP validity and that non-capital goods were used in production, packaging for export, or cleared for home consumption within LoP validity. Duty is not leviable where specified goods are destroyed within the unit after intimation or outside with Customs permission, subject to officer satisfaction; units manufacturing and exporting precious metals and stones are excluded. "Letter of Permission (LoP)" is defined as in Chapter 6 of the Foreign Trade Policy 2015-20. Notifications Customs Mon, 25 May 2015 00:00:00 +0530 https://www.taxtmi.com/notifications?id=117759