TaxTMI 
TaxTMI 
QBAL Imports - Exemption from Additional Duty
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....condition- Your attention is invited to Notification No. 149/95-Cus dated the 19th September, 1995 and instruction issued vide circular No. 101/95-Customs dated the 21st September, 1995. Notification No. 149/95-Customs dated the 19th September 1995 which permits import of materials free of both basic duty of Customs and additional duty of Customs imported against Quantity Based Advance Licences ....
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.... clearly indicate that the Advance Licence has been issued for benefit of exemption from duty in terms of Notification No. 149/ 95-Customs as amended by Notification No. 162/95-Customs dated the 1st December, 1995. 3. Since the benefit of exemption is admissible only against licences issued to manufacutrer-exporter on applications made on or after 1st December, 1995 and in terms of para 66 of th....
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....tion on merchant - exporters getting Advance Licences for export of Leather garments and Readymade garments including knitwear for benefit of exemption under Notification No. 149/95-Cus subject to condition that materials were imported by his supporting manufacturer as colicences and used in his factory, the amendment now made restricts the benefits only to manufacturer exporters and therefore mer....