TaxTMI 
TaxTMI 
Exemption to goods imported against advance licences
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....by exempts goods imported into India against an Advance Licence issued under the Imports (Central) Order, 1955, being materials required to be imported for the purpose of manufacture of products (hereinafter referred to as the resultant products) or replenishment of materials used in the manufacture of the resultant products, or both, 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)....
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....as mandatory spares, and no portion thereof shall be sold, loaned, transferred or disposed of in any other manner. Provided that where such exempt materials are imported for replenishment of materials used in the manufacture of resultant products exported, holder of an Advance Licence, being a manufacturer exporter, may utilise the replenished materials for further production subject to actual user conditions : Provided further that the holder of an Advance Licence, not being a manufacturer exporter, may transfer the replenished materials to the supporting manufacturer concerned whose name appears in the said Certificate or to an actual user, for further production in accordance with the provisions of paragraph 244 in Chapter XIX of t....
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.... of Imports and Exports, No. 3/54/75-EPC, dated the 3rd December, 1975 and the Circular No. 9/30-85-EPC, dated the 28th June, 1985, for the time being in force, or as re-constituted by the Central Government from time to time; (iii) "Exempt materials" means the materials imported and specified in Part 'C' of the said Certificate and eligible for exemption from duty under this notification; (iv) "Import and Export Policy April, 1988 - March, 1991" means the Import and Export Policy April, 1988 - March, 1991 published vide Public Notice of the Government of India in the Ministry of Commerce No. 1-ITC(PN)/88-91, dated the 30th March, 1988, as amended from time to time. (v) "Imported into India against an Advance Licence" inc....
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....N ENTITLEMENT CERTIFICATE (This consists of _____________ pages) Serial No. __________Date of issue______________________ This is granted in favour of __________________________________ (Importer's name and __________________________________ full address) __________________________________ Materials imported against Advance Licence No. __________________ dated the _______________ issued by ________________ to the above importer and covered by the list of materials specified under Part C of this Certificate would be eligible for exemption from duty subject to the conditions specified in the notification of the Government of India in the Department of Revenue No. 116/88-Custums, dated the 30th March, 1988 (he....
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..... No. of the resul-tant pro-ducts in Part E. (1) (2) (3) (4) (5) (6) (7) PART D PARTICULARS OF IMPORTS (OF MATERIALS) Sl. No. S. No. of the materials in Part C Bill of entry No. and date and name of the Customs House of Import Description Quantity and net weight Value (1) (2) (3) (4) (5) (6) Duty leviable but for exemption 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 Amount of duty Signature of the Customs Officer with designation and seal. (i) Basic (ii) Additional (iii) Auxiliary (7) (8) (9) ....
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....he Duty Exemption Entitlement Certificate Serial No. ____________________ dated _______________ has been granted, certify that - (a) the goods exported as specified in Serial No.(s) _________ of Part F have been manufactured in the factory premises mentioned in Part A/Part B; (b) the exempt materials as specified in Serial No.(s) __________ of Part D have been used in the manufacture of the goods exported as specified in Serial No.(s) _____________ of Part F [vide condition (d) of the said Notification]; (c) the exempt materials as specified in S. No. ________ of part D have been exported as mandatory spares as specified in S. No. ___________ of Part F; (d) materials corresponding to the exempt materials as specified in Serial N....