Exemption to materials imported against advance licence - Amendment to Notification No. 204/92-Cus. - 136/94 - Customs -Tariff

Exemption to materials imported against advance licence - Amendment to Notification No. 204/92-Cus. Notification No. 136/94-Cus. Dated 24-6-1994 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 amendments 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, - (i) condition (v) shall be substituted by the following, namely :- "(v) that the export obligation is discharged, within the period specified in the said certificate or within such extended period as may be granted by the Licensing authority or the Director General of Foreign Trade, by exporting goods manufactured in India in respect of which facility under rule 191A or 191B of the Central Excise Rules, 1944, has not been availed in respect of materials permitted under the said lisence"; (ii) in Explanations, in clause (iv), in sub-clause (a) the following shall be added at the end, namely :- "or, in case of a Quantity based Advance Intermediate Licence, for manufacture and supply to holder of a Special Imprest Licence for producing final goods referred to in sub-clause (b), (c) and (d) of clause (iii) of the Explanation, in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 128/94-Customs, dated the 10th June, 1994."