Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Exemption to Imports against special imprest licence.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... whole of the additional duty leviable thereon 1 [ under sub-sections (1), (3) and (5) of section 3 ] of the said Customs Tariff Act, subject to the following conditions, namely:- (1) that the importer has been granted special imprest licence (hereinafter referred to as the said licence) by the Licensing Authority for the import of the said materials for the aforesaid purpose in terms of paragraph 7.6 of the Export and Import Policy, and the said licence is produced at the time of clearance for debit by the proper officer of the Customs; (2) that the import licence contains the endorsements specifying inter alia- (a) the description, quantity and the value of materials allowed to be imported under the said licence; (b) the de .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... importer may use the said materials for the manufacture of any other goods. (6) that the imports and exports are undertaken through sea ports at Mumbai, Calcutta, Cochin, Kandla, Mangalore, Marmgoa, Chennai, Nhava Sheva, Paradeep, Tuticorin, Visakhapatnam, Jamnagar and Muldwarka or through any of the aiports at Ahmedabad, Bangalore, Mumbai, Calcutta, Coimbatore, Delhi, Hyderabad, Jaipur, Chennai, Srinagar, Trivandrum and Varanasi or through any of the Inland Container Depots at Bangalore, Coimbatore, Delhi, Gauhati, Hyderabad, Kanpur, Ludhiana, Moradabad, Pimpri (Pune),Pitampur (Indore), Bhatinda, Dappar (Dera Bassi), Chheharata (Amritsar), Karur, Miraj, Rewari, Bhusawal, Jamshedpur, Surajpur and Dadri or through the Land Customs Statio .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ted undertaking (excluding free trade zone unit/export oriented undertakings engaged in Diamond, Gem and Jewellery); (d) supply of capital goods and spares to the extent of 10% of the value of such capital goods for fertiliser plants if the supply is made under the procedure of international competitive bidding; (e) supply of captial goods to the holders of licence under the paragraph 6.2 of the Export and Import Policy for import of such capital goods at zero duty. (f) supplies of goods to any project or purpose in respect of which the Ministry of Finance, by a notification permits the import of such goods at zero customs duty coupled with the extension of benefits under Chapter 7 of the Export and Import Policy for domestic suppl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ce No. 30 (RE:99)/1997-2002, dated the 6th September, 1999. (l) supply of goods to the Maharashtra State Electricity Board for execution of Maharashtra Power Projects in terms of the Public Notice of the Government of India in the Ministry of Commerce No. 31 (RE:99)/1997- 2002, dated the 23 rd September, 1999. (m) supply of goods to Rihand-Sasaram-Biharsharif HVDC Link Back to Back Station Project in terms of the Public Notice of the Government of India in the Ministry of Commerce No. 38 (RE:99)/1997-2002, dated the 5th November, 1999. (iv) free trade zone and hundred per cent export oriented undertaking have the same meaning as in Explanation 2 to sub-section (1) of section 3 of the Central Excise Act, 1944 (1 of 1944); (v .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates