TaxTMI 
TaxTMI 
Annual Advance Licensing Scheme for manufacturer exporters - regarding
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....tionalise the Scheme. Annual Advance Licences shall be issued to eligible exporters under the scheme which would come into operation with effect from 1.7.1999. 2. (i) Manufacturer exporters with export performance of Rs. 1 crore in the preceding year and registered with Central Excise authorities except for products which are not exciseable and for which no registration is required, and (ii) Merchant Exporters holding Export House, Trading House, Star Trading House or Super Star Trading House status and having the name & address of the supporting manufacturer declared on the Licence, shall be eligible to avail this scheme 3. The salient features of the scheme are as follows: Imports (i) Eligibility : Annual Advanc....
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..../ output norms shall be allowed without payment of customs duty. (vi) Exports : (a) Discharge of Export obligation : The export obligation shall be discharged by exporting the resultant products within the period specified in the Annual Advance Licence. The licence holder shall account for the utilisation of the imported inputs in the export product in terms of the S.I.O. norms. Export obligation shall be treated as discharged when the imported inputs are utilised in the export product which is exported, and the export obligation specified in the Annual Advance Licence is discharged in full by exporting resultant product and the export proceeds are realised in full. 4. Following procedure may be adopted for imp....
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....d to have been used in the export product. Samples for testing need not be dawn where goods are exported under Central Excise Seal or accompanied by test reports of statutory authorities. Samples for testing should be drawn only when necessary. 4.5 Endorsement of part E & F of DEEC Book : Customs Officer at the port of export, shall enter the full details of the export goods in pat E & F of the DEEC Book at the time of permitting export. He shall also endorse the exports in part F of the DEEC. Simultaneously, the fact of endorsement of export on the DEEC shall be recorded on the shipping bills as follows "Entered at Sl. No. .......................................... of part F of DEEC No. ............................... dt .......
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....House File No. - Details of notices issued, if any. 5.3 The Licence holder shall have the flexibility to import any input upto the quantity limit specified in the input-output norms vide Volume 2 of the Handbook of Procedure of Exim Policy 1997-2002 under the export product group specified in the Annual Advance Licence. However, the licence holder shall have to maintain the nexus between the imported input & the resultant product & account for the inputs as per the said input output norms. 5.4 In case there is a change in SIO norms during the validity period of the licence, the licence holder shall account for raw material in respect of the exports made prior to the date of amendment, as per the revised norms and for ex....
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....er the scheme shall be permissible only from ports, airports and inland container depots specified in the condition (iv) of the Customs Notification no. 48/99-Cus. dated 29.4.99. Commissioners of Customs have been empowered to permit imports and exports from any port, airport, land customs station or inland container depot, subject to such conditions as may be specified by the Commissioner. 7. Monitoring of export obligation : 7.1 Customs House at the port of registration shall call from the exporter the details of export alongwith Par 2 of the DEEC (copies to be kept on record), within 30 days of expiry of export obligation. if the export obligation is not discharged in full in the manner as specified in para 3 (vi) above, the Custom....