Exemption to materials imported under Duty Exemption Entitlement certificate issued in respect of the value, quantity, description, quality and technical characteristics

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....b-sections (1), (3) and (5) of section 3, safeguard duty leviable thereon under section 8B and anti-dumping duty leviable thereon under section 9A ] of the said Customs Tariff Act, subject to the following conditions, namely:- (i) that the materials imported are covered by Duty Exemption Entitlement Certificate (hereinafter referred to as the said certificate), issued by the Licensing Authority in the form specified in the Schedule annexed to this notification, in respect of the value, quantity, description, quality and technical characteristics; (ii) that the importer at the time of clearance of the imported materials executes a bond with such surety or security and in such form and for such sum as may be specified by the Assistant Commissioner of Customs or Deputy Commissioner of Customs binding himself to pay on demand an amount equal to the duty leviable, but for the exemption, on the imported materials in respect of which the conditions specified in this notification have not been complied with, together with interest at the rate of 1[fifteen percent] per annum from the date of clearance of the said materials; Provided that the bond shall not be necessary in respect of i....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ed for fulfillment of export obligation, or within such extended period as the said Assistant Commissioner of Customs or Deputy Commissioner of Customs may allow; (vii) that the said licence and the materials shall not be transferred or sold; (viii) that in relation to an Advance Licence issued to a merchant Exporter, - (a) the name and address of the supporting manufacturer is specified in the said licence and the said certificate and the bond required to be executed by the importer in terms of condition (ii) shall be executed jointly by the Merchant Exporter and the supporting manufacturer binding themselves jointly and severally to comply with the conditions specified in this notification and (b) exempt materials are utilised in the factory of such supporting manufacturer for discharge of export obligation by the said merchant exporter. 2. Where the goods are found defective or unfit for use, the said goods may be re-exported back to the foreign supplier within 3 years from the date of payment of duty on the importation thereof : Provided at that the time of re-export the goods are identified to the satisfaction of the Assistant Commissioner of Customs or Deputy Commis....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Department of Revenue No………………Customs, dated the………..April, 2000. The importer shall discharge the export obligation in terms of the said notification within months from the date of issue of licence A bond with security/surety in terms of the said notification shall be executed before clearance of the goods from the Customs Siganture ............................. Seal of licensing authority ....................... Date........................ PART - A Names and addresses of the factories where the resultant products for export are manufactured. PART-B Names and addresses of factories where the ancillaries to the resultant products are manufactured. PART-C List of materials of import (a) MATERIALS TO BE IMPORTED UNDER THIS CERTIFICATE Sl.No. Item of import Quality Technical Characteristics 1. 2. 3. 4. Quantity CIF value in Indian Rs. and in equivalent US$ S. No. of the resultant products in Part E 5. 6. 7. (b) OTHER IMPORTED MATERIALS TO BE USED IN EXPORT PRODUCT Sl.No. Description Quantity Value 1. 2. 3. 4. PART D Particulars of import of materials Sl.No. No. of the materials....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....art C and D figures in the Imports part of this (DEEC) PART - E Resultant products Sl.No. Description Quality Technical Characteristics 1. 2. 3. 4. Quantity FOB value in Rs./US$ Sl. No. of the materials in part-C 5. 6. 7. Sl.No. S.No. of the resultant product in Part E. Name of the Customs House of Shipment Shipping Bill No. and date Name of the vessel and outward entry on the vessel 1. 2. 3. 4. 5. Quantity Net weight of the product Description as per the Shipping Bill FOB Value in Rs./US$ Signature of Customs Officers with name, designation and seal and remarks in any 6. 7. 8. 9. 10. PART - H Statement of imports and exports/supply made Type of licence. Llicence No. Date ..………………. …………………..... ..…………………… ……….……… …………………...... …………………….. Details of imports made Sl. No. Sl.No. of Part C Description Quantity Imported CIF value in Rs./in equivalent....