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TMI BlogExemption to the materials when imported into India, covered by a Value Based Duty Exemption Entitlement Certificate, issued by the Licensing Authority on or after 1st April, 1995X X X X Extracts X X X X X X X X Extracts X X X X ..... y exempts materials imported into India, against a Value based Advance Licence (hereinafter referred to as the said licence) issued on or after 1st April, 1995 in terms of paragraph 49 of the Export and Import Policy 1 April 1992 - 31 March, 1997, from the whole of the duty of Customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) subject to the following conditions, namely:- (i) that the materials imported are covered by a Value based Duty Exemption Entitlement 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, descript ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pur, Pimpri Pune), Pitampur (Indore), Surat, Tirupur Varanasi, Nasik, Rudrapur (Nainital), Dighi (Pune), Vadodara, Daulatabad (Wanjarwadi and Maliwada), Waluj (Aurangabad), Anaparthy (Andhra Pradesh), Salem, Malanpur, Singanalur, Jodhpur, Kota, Udaipur, Ahmedabad, Bhiwadi, Madurai, Bhilwara, Pondicherry and Garhi, Harsaru or through the Land Customs Station at Ranaghat , Singhabad and Raxaul Provided that the Commissioner of Customs, may by Special Order and subject to such conditions as may be specified by him, permit import and export through any other Seaport, Airport, or Inland Container Depot or through a Land Customs Station. (v) that the export obligation is discharged, within the period specified in the said certificate or withi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onditions (vi) and (vii) above, the endorsement of transferability or disposal of materials shall be allowed in respect of liecences issued for the export of all kinds of writing instruments (including gift sets and refills/nibs) on fulfilment of export obligation only in favour of manufacturer of writing instruments. 1[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) "Export and Impo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... with the approval of Advance Licensing Committee in the office of the Director General of Foreign Trade; (b) mandatory spares, within a value limit of 5% of the value of the licence, which are required to be exported along with the export product; and (c) packaging materials required for packing of export product. THE SCHEDULE VALUE BASED DUTY EXEMPTION ENTITLEMENT CERTIFICATE I. IMPORT (This consists of..... pages) Sl. No....... (IMP) Date of issue..... Port of Registration Issued to ............................................................................................ (name and full address of ............................................................................................. the licencee) ................... ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No. date and Custom House of Import. Description Quantity and net weight 1. 2. 3. 4. 5. CIF Value Duty leviable but for exports Signature of the Customs Officer with Name, Designation & Seal Heading No. of the First Schedule to the Customs Tariff Act, 1975 and Heading no. in the Schedule to the Central Excise Tariff Act, 1985 for levy of Additional Duty. Rate of Duty Basic Amount of Duty 6. 7. 8. 9. 10. (Parts E and F figure in the Export Part of this DEEC) PART -G Duties paid on materials in respect of which the conditions of said Notification are not complied with Sl.No. Sl. No. in Part D under which the import of the materials has been entered. Description, Quantity and value of materials on which duty paid. Rat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... export are manufactured. (Parts C and D figures in the Import Part of this DEEC) PART -E Resultant products Sl. No. Description Quality Technical Characteristics. 1. 2. 3. 4. Quantity FOB Value in Rs./US$ S. No. of the materials in Part - C. 5. 6. 7. PART -F Particulars of exports Sl.No. Sl. No. of the resultant product in Part E. Name of the Customs House of Shipment Shipping Bill No. & Date. Name of the vessel and outward entry of the vessel. 1. 2. 3. 4. 5. Quantity Net weight of the export product. Description as per the Shipping Bill. FOB Value in Rs./US$. Signature of Customs Officer with name, designation and seal & remarks, if any. 6. 7. 8. 9. 10. PART -H Statement of Imports and Exports made ..... X X X X Extracts X X X X X X X X Extracts X X X X
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