Materials imported against a Self Declared Pass Book - Amendment to Notification No. 299/92-Cus. - 141/93 - Customs -Tariff

Materials imported against a Self Declared Pass Book - Amendment to Notification No. 299/92-Cus. Notification No. 141/93-Cus. Dated 18-6-1993 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 amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 299/92-Customs, dated the 30th November, 1992, namely :- In the said notification, - (a) in condition (v), in clause (c), after the proviso, the following proviso shall be inserted, namely :- "Provided further that in a case where the said Pass Book has been issued with quantity restriction on each of the items of import and any item included in the said Pass Book is not imported duty free, the drawback of both Customs and Central Excise duties on such item shall be admissible only after the Pass Book is modified by the Licensing Authority to delete that item from the said Pass Book."; (b) for condition (vi), the following shall be substituted, namely:- "(vi) exempt materials shall not be disposed of or utilised in any manner, except for utilisation in discharge of export obligation, before the export obligation under the said Pass Book has been discharged and export proceeds realised: Provided that exempt materials may be transferred to supporting manufacturer whose name is entered in the said Pass Book."; (c) in the Explanation, in clause (iii), in sub-clause (b), for the words "value of the licence", the letters, words and figures, "c.i.f. value of the Pass Book issued upto 31st March, 1993" shall be substituted.