Electronic Goods - Inputs Import Clearance - Notif. No. 203/92-Cus - Customs - 049/95

Circular No. 49/95- DBK dated 15/5/95 Subject : Electronic Goods - Inputs Import clearance Notification No. 203/92 - Cus- Clarification Consumer Electronics and TV Manufacturers Association have brought to the Ministry's notice some difficulties being faced by them in clearance of inputs required for manufacture of Electronic goods in terms of proviso to clause (a) of Explanation (iii) of notification No. 203/ 92-Cus. and the scope of ITC Public Notice No. 261, dated 21.12.1994. 2. The matter has been examined. Notification No. 203/92-Cus. permits import of inputs required for manufacture of export product and further the facility of broad bonding for Electronic sector has been specifically permitted under Notification No. 203 / 92-Cus. 3. Thus for extending the benefit of the exemption under Notification No. 203/92-Cus. what is relevant is not the date of issue of the licence but - (i) Description of goods as given in the Licence and DEEC Book; and (ii) Whether on the date of importation, in terms of Section 15 of the Customs Act, 1962 the goods are covered by a single serial number in applying the concession under the above referred Notification. 4.If the above criteria are adopted there should be no difficulty in applying the concession under the above referred Notification. 5. All pending consignments may please be cleared keeping in view this clarification.