TaxTMI 
TaxTMI 
Exemption to materials imported against Advance Licence issued after 1.4.1997
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....y, 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 on the imported materials but for the exemption contained herein, in respect of which the conditions specified in this notification have not been complied with together with interest at the rate of 15% per annum from the date of clearance of the materials: Provided that the Bond shall not be necessary in respect of imports made after discharge of export obligation in full; (iii) that the said licence and the said certificate are produced before proper officer of Customs at the time of clearance of imported materials for debit; (iv) that the imports and exports are undertaken through the sea ports at Mumbai, Calcutta, Cochin, Magdalla, Kakinada, Kandla, Mangalore, Marmagoa, Madras, Nhava Sheva, Paradeep, Pipavav, Sikka, Tuticorin and Visakhapatnam, Dahej, Nagapattinam, Okha, Mundh....
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....in full; Provided that Acetic Anhydride, Ephedrine and Pseudoephedrine, Vitamins, Pen-G and their derivatives in respect of which the benefit of this notification is claimed shall be utilised by the importer in his own factory or in the factory of any other manufacturer indicated in the said certificate even after discharge of export obligation; (vii) that where benefit of this notification is sought by a person other than the licencee, such benefit shall be allowed against the said licence and the said certificate only if it bears endorsement of transferability by the Licensing Authority: Provided that benefit of this notification shall not allowed to a transferee of the licence for import of Acetic Anhydride, Ephedrine and Pseudoephedrine. 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 that at the time of re-export the goods are identified to the satisfaction of the Assistant Commissioner of Customs or Deputy Commissioner of Customs as the goods which were imported. ^1[3. In a case ....
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....d by.......... to the above licencee and covered by the list of materials specified in list (a) of Part 'C' of this certificate would be eligible for exemption from Duty of Customs specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), subject to the conditions specified in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 31/97-Customs, dated the 1^st April, 1997. 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 surety/security in terms of the said notification, shall be executed before clearance of the goods from Customs. Signature Seal of licensing authority Date PART-A Names and addresses of the factories where the resultant products 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. Material of Import Quality Technical Characteristics 1. 2. 3. 4. &nb....
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........... issued by .............. to the above licencee and covered by the list of materials specified in list (a) of Part 'C' of this certificate would be eligible for exemption from Basic Customs duty subject to the conditions specified in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 31/97-Customs, dated the 1^st April 1997. The licencee shall discharge the export obligation in terms of the said notification within ......... months from the date of licence. A Bond with surety/security in terms of the said notification shall be executed before clearance of the goods from customs. Signature Seal of licensing authority Date PART- A Names and addresses of the factories where the resultant products are manufactured PART-B Names and addresses of factories where the ancillaries to the resultant products are manufactured (Parts 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 mate....