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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 ..... after 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 in respect of imports made after dis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... udoephedrine, 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 12th August, 2013. ] Explanations:- In this notification,- (i) "Advance Licence" means the Quantity based Advance Licence issued in terms of paragraph 50 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. Quantity . CIF value in Indian Rs. in equivalent US $ S. No. of the resultant products in Part E 5. 6. 7. (b) OTHER IMPORTED ITEMS TO BE USED IN EXPORT PRODUCT Sl. No. Description Quantity Value 1. 2. 3. 4. PART -D Particulars of import of materials Sl.No. No. of the materials in Part - C Bill of Entry No. Date and Customs House ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... scription 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 E. 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 & seal and remarks if any. 6. 7. 8. 9. 10. PART-H Statement of imports and exports/supply made 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. ..... 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