TaxTMI 
TaxTMI 
Exemption to goods imported into India for export under Import-Export Pass Book Scheme
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.... India for the purpose of manufacture of products (hereinafter referred to as the resultant products) or replenishment of goods used in the manufacture of the resultant products, or both, and for export out of India as mandatory spares alongwith the resultant products, for execution of one or more export orders, in accordance with the Import-Export Pass Book Scheme, 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) that the importer has been issued necessary Import-Export Pass Book (incorporati....
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....nd Salt Act, 1944 (1 of 1944) and the rules made thereunder, unless he is exempted thereunder from the maintenance of such records; Provided that where the importer is an Export House or Trading House, not being a manufacturer, the goods after import are transferred to supporting manufacturer, whose name appears in the relevant Import-Export Pass Book, for the manufacture of the resultant products, or to an actual user when the import of goods is for replenishment and there is no supporting manufacturer listed in the Import-Export Pass Book and that complete accounts are maintained by such importer for the goods imported and so transferred; (e) that the resultant products and mandatory spares, as specified in the said Import-Export Pass B....
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....(i) that the import of goods for replenishment shall be allowed where the said Import-Export Pass Book holder has to export the resultant product to meet a delivery schedule before he is able to import under the said Import-Export Pass Book, subject to the condition that such replenishment shall be permitted only to the extent of materials used in the manufacture of the resultant products exported prior to the date of first importation under the Import-Export Pass Book; Provided that where such goods are imported for replenishment of materials used in the manufacture of the resultant products exported, the holder of Import-Export Pass Book, being an exporter who is also a manufacturer, may utilise the replenished materials for the producti....