VBAL-Endorsement in Sensitive List
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....ng difficulties in clearing their imported goods on account of objections being raised by the custom Houses with regard to endorsement of quantities/ value in the Sensitive Lists. In this regard the position is clarified as under :- (a) Where non-sensitive items have been imported by the Licence holders/ transferees, there is no need to direct them to obtain any endorsement of the quantit....
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....from the general flexibility allowed under the Scheme. This is amplified in the Head Note at page 733 of Handbook (Volume II) which reads as under:- "In respect of the following items, Licence shall be issued with both value and quantity as limiting factor and the individual CIF value for imports of these items shall not be utilised for import of other items permitted in the Licence". ....
TaxTMI