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TMI BlogExemption to Imports against an Annual advance Licence with actual user conditionX X X X Extracts X X X X X X X X Extracts X X X X ..... d from the whole of the Additional duty leviable thereon 3[ under sub-sections (1), (3) and (5) of section 3 ] of the said Customs Tariff Act, subject to the following conditions, namely:- (i) The said Licence is issued for an export product group specifying the Cost Insurance Freight Value (CIF value) of import permitted against it and the Free on Board Value (FOB value) of export obligation to be achieved. The said licence shall be valid for import of any input required for the manufacture of export product which is covered under the said export product group specified in the Hand Book of Procedure Volume II of Export and Import Policy. (ia) an Actual User Duty Exemption Entitlement Certificate (hereinafter referred to as the said certificate) is issued to the holder of the said licence by the Licensing Authority in the form specified in the Schedule annexed to this notification. At the time of import, the full details of value, quantity, technical characteristics and other particulars, of the inputs imported against the said licence shall be entered in part 'C' of the said certificate by the proper officer; (ii) that the importer at the time of clearance of the imp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e export obligation is discharged within eighteen months from the date of issue of the said licence or within such extended period as may be granted by the Licensing Authority by exporting resultant products manufactured in India. At the time of export, the full details of value, quantity, technical characteristics, and other particulars, of the resultant export product (hereinafter referred to as resultant product) shall be entered in part 'E' of the said certificate by the proper officer; Provided that an Annual Intermediate Licence holder may discharge export obligation by supplying the resultant products to ultimate exporter holding Annual Advance Licence in terms of paragraph 7.3 (b) of the Export and Import Policy 1997-2002, notified by the Government of India in the Ministry of Commerce, vide notification No. 1(RE-00)/1997-2002 dated the 31st March, 2001; (vii) that the importer produces evidence of discharge of export obligation to the satisfaction of the Assistant Commissioner of Customs or Deputy Commissioner of Customs within a period of 30 days of the expiry of period allowed for fulfilment of export obligation, or within such extended period as the said Ass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ltant product. (iv) Annual Advance Licence includes Annual Advance Licence for Intermediate Supply issued in terms of paragraph 7.3(b) of the Export and Import Policy 1997-2002, notified by the Government of India in the Ministry of Commerce, vide notification No.1(RE-00) 1997-2002 dated the 31st March, 2001. THE SCHEDULE ACTUAL USER DUTY EXEMPTION ENTITLEMENT CERTIFICATE PART -1 (IMPORT) This consists of ........................... Pages) Sl. No................................(IMP) Date of issue.................................Port of Registration ............................... Issued to.............................. (name and full address of the licence). Materials imported against licence No................dated, .............issued by...........to the above licencee would be eligible for exemption from customs duties subject to the conditions specified in the notification of the Government of India, Ministry of Finance, Department of Revenue No.......... Customs, dated the....................l999. Bond with security/surety in terms of the said notification shall be executed before clearance of the goods from the Customs. Signature Seal of licensing authority date ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... specified in the notification of the Government of India, Ministry of Finance, Department of Revenue No............Customs, dated the ..................1999. A Bond with surety/security in terms of the said notification, shall be executed before clearance of the goods from the Customs. Signature Seal of licensing authority Dated PART-A Name and addresses of the factories where the Resultant products for export are manufactured. PART -B Name and addresses of factories where the ancillaries to the Resultant products for export are manufactured. (Part C and D figure in the Imports Part of this DEEC) PART -E Resultant products Sl. No. Description Quality Technical Characteristics (1) (2) (3) (4) Quantity FOB Value in Rs./US $ Sl. No. of the materials in Part-C (5) (6) (7) PART -F Particulars of exports Sl.No. S. No. of the resultant product in Part-B Name of the Customs House of Shipment Shipping Bill No. and date Name of the Vessel and outward entry of the vessel (1) (2) (3) (4) (5) Quantity Net weight of the product Description as per the Shipping Bill FOB value in Rs./US $ Signature of Customs Officer with name, designation and seal and rema ..... X X X X Extracts X X X X X X X X Extracts X X X X
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