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TMI BlogExemption to the materials when imported into India against an Advance Licence issued on or after 1st April, 1995, covered by a Quantity Based Duty Exemption Entitlement CertificateX X X X Extracts X X X X X X X X Extracts X X X X ..... titlement Certificate (hereinafter referred to as the said certificate), issued by the Licensing Authority on or after 1st April, 1995 in the form specified in the Schedule annexed to this notification, in respect of the value, quantity, description, quality and technical characteristics; Provided that where the quantity allowed for a particular description of material cannot be imported within the specified value under the said Certificate, the Commissioner of Customs may allow adjustment of individual value within total value; (ii) that the importer at the time of clearance of the imported materials - (a) Omitted (b) executes a bond with such surety or security and in such form and for such sum as may be specified by the Assistant Commissioner of Customs or Deputy Commissioner of Customs binding himself to pay on demand, an amount equal to the duty leviable on the imported material but for the exemption contained therein, in respect of which the conditions specified in this notification have not been complied with together with interest at the rate of 15% per annum from the date of clearance of the materials: 1 [ Provided that the Bond shall not be necessary i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ded that the Acetic Anhydride, Ephedrine and Pseudoephedrine, Vitamin Pen-G and their derivatives in respect of which the benefit of this notification is claimed shall be utilised by the importer in his own factory or in the factory of any other manufacturer indicated in the said certificate even after discharge of export obligation: (vii) where benefit of this notification is sought by a person other than the licencee, such benefit shall be allowed against the said licence and the said certificate only if it bears endorsement of transferability by the Licensing Authority. Provided that benefit of this notification shall not be allowed to a transferee of licence for import of Acetic Anhydride, Ephedrine and Pseudoephedrine. 4 [2. In a case of default in export obligation, when the duty on goods is paid to regularise the default, the amount of interest paid by the importer shall not exceed the amount of duty if such regularisation has been dealt in terms of Public Notice of the Government of India in the Ministry of Commerce No. 22 (RE-2013)/2009-2014 dated the 12 th August, 2013. ] Explanations :- In this notification,- (i) Advance Licence means the Quant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... this certificate would be eligible for exemption from Basic Customs Duty subject to the conditions specified in the notification of the Government of India, Ministry of Finance, Department of Revenue No./95-Customs, dated the ............The importer shall make the exports in terms of the said notification within .......... months from the date of issue of licence. A Bond in terms of the said notification shall be executed before clearance of the goods from the customs. Signature Seal of Licensing Authority date PART - A Names and addresses of the factories where the resultant products for export are manufactured. PART-B Names and addresses of factories where the ancillaries to the resultant products for export are manufactured. PART -C Lists of items of import (a) ITEMS TO BE IMPORTED UNDER THIS CERTIFICATE Sl. No. Item of Import Quality Technical Characteristics 1. 2. 3. 4. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Amount of (i) Duty (ii) Interest Particulars of duty paying documents. Signature of the Customs officer. 5. 6. 7. QUANTITY BASED DUTY EXEMPTION ENTITLEMENT CERTIFICATE II. EXPORTS (This consists of ..........................pages) Sl. No. ..........(EXP) Date of Issue ......... Port of Registration ...................... Issued to ................................................................................. (name and full address of ................................................................................. the licencee) Materials imported against Licence No................ dated............... issued by...............to the above importer and covered by the list of materials specified in list (a) of Part 'C' of this certificate would be eligible for exemption from Basic Customs duty subject to the conditions specified in the notification of the Governme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ade Type of licence. Licence No. Date ............................................ ............................................ ............................................ ............................................ ............................................ ............................................ Details of imports made : S.No. S. No. of Part C Description Quantity Imported CIF value in Rs./in equivalent US $ 1. 2. 3. 4. 5. Details of Exports made Sl. No. S. No. in Part E Description Quantity Exported FOB value in Rs./in equivalent US $ 1. 2. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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