Amendments to Notification No. 260/92-Cus. [Chapter 98]

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....Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No, 260/92-Customs, dated the 27th August, 1992, namely :- In the said notification, — (a) In the first paragraph, - (i) for the words and brackets "raw m....

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....s" shall be substituted; (vi) in condition (5), - (a) for the words "said imported goods", the words "said imported materials" shall be substituted; (b) the following proviso shall be added :- "Provided that where obligations under the Licence have been fully discharged, sale proceeds realised and bond executed in terms of condition (3) has been redeemed by the Licensing Authority, the....

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....all be allowed against the licence only if it bears endorsement of transferability by the Licencing Authority: Provided that no such endorsement of transferability shall be made by the Licensing Authority - (i) unless the obligations against the licence have been discharged, sale proceeds realised and the bond executed by the importer in terms of condition (3) redeemed; (ii) where benefit....