TaxTMI 
TaxTMI 
Material imported into India against Special Value Based Advance Licence for export of readymade garments
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....s leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and from the whole of the additional duty leviable thereon ^5[under sub-sections (1), (3) and (5) of section 3] of the said Customs Tariff Act, subject to the following conditions, namely:- (1) Material imported are covered by a Value Based Duty exemption Entitlement Certificate (hereinafter referred to as the said certificate) issued by the Licencing Authority in the form specified in the Schedule annexed to this notification; (2) That the importer, at the time of clearance of imported materials,- (a) produces the said licence and the said certificate for debit by the proper officer of the Customs; (b) Omitted. (c) 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 int....
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.... Policy" means Export and Import Policy 1 April 1992 - 31 March, 1997 (Revised Edition : March, 1995) published vide notification of Government of India in the Ministry of Commerce notification No.1 (RE-95)/92-97 dated the 31st March, 1995. (ii) "Licencing authority" means the Director General, Foreign Trade appointed under the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) or an officer authorised by him to grant a licence under the said Act, (iii) "materials" means - (a) fabrics to be actually used in the manufacture of garments to be exported as specified in Part E, under the heading "II. EXPORT", of the said certificate, and (b) Trimmings and embellishments, not exceeding 25% of the value of fabrics actually imported or 20% of the CIF value of licence, whichever is more, namely:- 1. Buckles, hooks and bars. 2. Collarstays, Collar patties, butterfly, shoulder pads and other garment stays including plastic stays. 3. Paper patterns/plastic patterns 4. Polyester button blanks, polyester buttons, pearl buttons, plastic buttons, chalk buttons, horn buttons, metal buttons. 5. Lables inc....
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....f items of import Sl. No. Item of Import Quality Technical Characteristics 1. 2. 3. 4. Quantity CIF Value in Indian Rs. and equivalent US $ S. No. of the resultant products in Part E 5. 6. 7. Total value: = PART -D Particulars of import of materials Sl.No. No. of the materials in Part C Bill of Entry No. date and Custom House of Import Description Quantity and net weight 1. 2. 3. 4. 5. CIF Value Duty leviable but for exemption Signature of the Customs Officer with Name, Designation and Seal Heading No. of the First Schedule to the Customs Tariff Act, 1975 and Heading No. in the Schedule to the Central Excise Tariff Act, 1985 for levy of Additional Duty Rate of Duty (i) Basic (ii) Additional Amount of Duty 6. 7. 8. 9. 10. (Parts E and F fig....
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....PART-F Particulars of exports Sl.No. Sl. No. of the resultant product in Part E Name of the Custom House of Shipment Shipping Bill No. & Date Name of the vessel and outward entry of the vessel 1. 2. 3. 4. 5. Quantity Net weight of the export product Description as per the Shipping Bill FOB Value in Rs./US$ Signature of Customs Officer with name, designation and seal & remarks, if any 6. 7. 8. 9. 10. PART -H Statement of Imports and Exports made Type of Licence Licence No. &n....