Accountability of inputs where Advance Authorisations are issued on net to net basis for parts/ components- reg.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... out any wastage, with accountability clause and the type, technical specifications (including part No. if any) etc., of the components sought for import should conform to those utilized in the manufacture of the resultant product. which should be reflected in export documents (Shipping Bills) also. A condition to this effect shall be imposed on the licence. 2. Attention is also invited towards SI.No-4 of General Note for Engineering products which reads as under: ''For Import of components, in respect of Export product (a) where norms have not been standardized and published and the applicant seeks to import only Components (without any raw material. consumables etc.) or (b) where SION do not provide import of Components or .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ed on the basis of the following: a. Exporter should invariably declare input quantities used in the export product in the relevant part of the shipping bill. b. Authorisation holder shall submit an accountability statement showing description and quantity of exported products and inputs consumed therein as per the annexed format. c. A certificate, as per annexed format, from independent Chartered Engineer having domain knowledge, certifying that inputs imported are actually required for manufacturing of the resultant product and as per inventory; all imported inputs have been used in the resultant products. He shall also certify the quantity exported and item wise input quantity consumed. 5. This will also be applicable for Adv .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... (2) (3) (4) (5) (6) Note: Contents in column (3) and (4) as well as in column (5) and (6) should be same for grant of EODC Declaration I/we hereby declare that information furnished as above are true and correct as per records maintained by us. Information furnished above if found to be incorrect or false or misleading in future, I/we shall be liable for penal action under the provisions of FTDR Act and rules made thereunder. Place: Date: Signature of the Applicant Name: Designation: Telephone number: .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X