Materials imported against an advance licence - Amendment to Notification No. 204/92-Cus. - 32/98 - Customs -Tariff

Materials imported against an advance licence - Amendment to Notification No. 204/92-Cus. Notification No. 32/98-Cus. Dated 4-6-1998 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 204/92-Customs, dated the 19th May, 1992, namely :- In the said notification, for condition (vi), the following condition shall be substituted, namely :- "(vi)(a) that the facility of sale or transfer of materials or transfer of the said licence shall not be available in respect of those materials which are permitted for import under the said licence and for which the credit of Central Excise duty or Additional Customs duty has been availed under rule 56A or rule 57A of the Central  Excise Rules, 1944; and (b) the facility provided in sub-para (a) above shall be applicable only to a manufacturer exporter or to an exporter who has declared a supporting manufacturer and the name of the supporting manufacturer so declared appears on the said licence."