TaxTMI 
TaxTMI 
Exemption to goods imported against blanket advance licence
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....ucts) or for export as mandatory spares alongwith the resultant products, for execution of one or more export orders, from the whole of the duty of customs 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 under section 3 of the said Customs Tariff Act, subject to the following conditions, namely :- (a) the materials imported are covered by a Blanket Duty Exemption Entitlement Certificate (hereinafter referred to as the said certificate), issued by the licensing authority in the form specified in the Schedule to this notifica­tion, in respect of the value, quantity, description, quality and technical characteristics, as spe....
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....s, and no portion thereof shall be sold, loaned, transferred or disposed of in any other manner: Provided that where export obligation has been discharged in full and the Blanket Advance Licence Holder is left with unused exempt materials, the Committee may, after verification of physical existence of excess materials, permit carry over of these materials to subsequent Blanket Advance Licence; (e) in the case of goods being nylon fibre, nylon yarn, nylon fabrics, polyester fibre, polyester yarn, polyester fabrics, stainless steel sheets, stainless steel strips, magnetic tapes, precious metals, metals clad with precious metals and articles thereof, the import shall be only through any of the sea ports at Kandla, Bombay, Nhava Sheva, Co....
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....nder the Imports and Exports (Control) Act, 1947 (18 of 1947), for the time being in force, for which at the time of clearance out of Custom's Control, a valid Advance Licence is produced by the importer; (b) goods obtained from a canalising agency on high seas sale basis; (c) goods obtained from a canalising agency or any other agency designated by the Chief Controller of Imports and Exports and allowed importation in bulk for servicing the requirements of Advance Licence holders, where the goods are imported by the said agency and warehoused in accordance with the provisions of Chapter IX of the Customs Act, 1962 (52 of 1962); (vi) "licensing authority"means an authority competent to grant a licence under the Imports (Control) Ac....
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.... said notification). The Importer shall make the exports in terms of condition (c) of the said notification within 15 months of issue of the Blanket Advance Licence. A bond/legal undertaking in terms of condition (b) of the said notification for Rs. ________ shall be executed before the clearance of the goods from Customs. After completion of exports, this Certificate shall be produced with endorse­ments as required by Parts H and I therein for discharge of the Bond/Legal undertaking before ________ who after discharging the bond/legal undertaking shall return this certificate to the issuing authority. Signature OFFICE SEAL (Issuing Authority) Date: Bond(s)/legal undertaking(s) in terms of con....
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.... Quality Technical Characteristics Quantity Value S. No. of the materials in Part C 1. 2. 3. 4. 5. 6. 7. PART F PARTICULARS OF EXPORTS Sl. No. Sl. No. of the resultant pro­ducts in Part E Name of the Customs House S/Bill No. and date of Ship­ment. Name of the vessel and date of outward entry of the vessel. 1. 2. 3. 4. 5. Quantity Net weight of the export products Description as per the S/Bill F.O.B. value Signature of the Customs Officer with designation and seal and remarks if any. 6. 7. 8. 9. 10. PART G Duties paid on materials in respect of which the conditions of the said notification are not complied with Sl. N....