CUS NTF NO. 148/1995 DATE 19/09/1995
Exempts Materials under Value Based Advance Licence
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts materials imported into India, against a Value based Advance Licence (hereinafter referred to as the said licence) applied for and issued on or after 19th September, 1995, in terms of paragraph 49 of the Export and Import Policy 1992-1997, with an obligation to export products specified in the Table annexed to this notification, from the whole of the additional duty of Customs leviable thereon which is specified in the First Schedule to the Customs tariff Act, 1975( 51 of 1975) and from the whole of the additional duty leviable thereon under section 3 of the said of the Customs Tariff Act, subject to the following conditions, namely:-
Cus Ntf. No.122/2001 Date 3/12/2001.)
(Above amendment has been made vide Ntf.No.30/2001, dated 12th March, 2001.)
(Sr. No. iv has been amended vide Customs Notification No.120/2000, dt. 15-9-2000)
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 the Land Customs Station."
(Sr. No. iv has been substituted vide Corrigendum G.S.R. 466(E))
(Sr. No. (iv) has been substituted vide Customs NTF No. 51/99 Dt. 29-4-99)
(v) that the export obligation is discharged within the period specified in the said certificate or within such extended period as may be granted by the Licensing Authority by exporting products manufactured in India which are specified in Part `E" of the said certificated and also specified in the Table annexed to this notification (hereinafter referred to as export product) and in respect of which-
(a) facility, under rule 12(1) (b) or rule 13(1) (b) of the said rules has not been availed; and
(b) drawback has not been claimed either under section 74 of the Customs Act, (52 of 1962) or the Customs and Central Excise Duties Drawback Rules, 1995;
(vi) that the importer produces evidence of discharge of export obligation to the satisfaction of the Assistant Commissioner of Customs within a period of 30 days of the expiry of period allowed for fulfilment of export obligation, or within such extended period as the said Assistant Commissioner of Customs may allow
(vii) exempt materials shall not be disposed of or utilised in any manner, except for utilisation in discharge of export obligation, or for replenishment of such materials and the materials so replenishment shall not be sold or transferred to any other person.
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.
(In the Notification,Paragraph Shall be Inserted Vide CUS NTF NO. 46/2013 DATE 26/09/2013)
Explanation. - In this notification, -
TABLE
|
Sr. No. |
Export product |
|
1. |
Leather garments. |
|
2. |
Textile garments including knitwear. |
THE SCHEDULE
VALUE BASED DUTY EXEMPTION ENTITLEMENT CERTIFICATE
PART -1
(IMPORT)
Signature
Seal of licensing authority
date
PART - A
PART -B
PART -C
List of Items of Import
|
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. |
|
|
|
|
PART -D
Particulars of import of materials
|
Sl.No. |
No. of the materials in Part C |
Bill of Entry No. date and Customs House of Import. |
Description |
Quantity and net weight |
|
1. |
2. |
3. |
4. |
5. |
|
|
|
|
|
|
|
CIF Value |
Duty leviable but for exemption |
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
(i) Basic
(ii)Additional |
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 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 |
Rate of Duty leviable
(i) Basic
(ii) Additional |
|
1. |
2. |
3. |
4. |
|
|
|
|
|
Amount of
(i) Duty
(ii) Interest |
Particulars of duty paying documents |
Signature of the Customs Officer |
|
5. |
6. |
7. |
|
|
|
|
VALUE BASED DUTY EXEMPTION ENTITLEMENT CERTIFICATE
PART - 2
(EXPORT)
Signature
Seal of licensing authority
date
PART-A
PART -B
(Parts C and D figure in the Import Part of this DEEC)
PART -E
Resultant products
|
Sl.No. |
Description |
Sr. No. in table to Notification no. 148/95-Customs |
Quality |
Technical Characteristics. |
|
1. |
2. |
3. |
4. |
5. |
|
|
|
|
|
|
|
Quantity |
FOB Value in Rs./US$ |
S. No. of the materials in Part - C |
|
6. |
7. |
8. |
|
|
|
|
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
|
Sl.No. |
Sl. No. of Part C |
Description |
Quantity Imported |
CIF value InRs. In Equivalent US $ |
|
1. |
2. |
3. |
4. |
5. |
|
|
|
|
|
|
|
Sl. No. |
Sl. No. in Part E |
Description |
Quantity exported |
FOB Value In Rs. In Equivalent US $ |
|
1. |
2. |
3. |
4. |
5. |
|
|
|
|
|
|
Signature................................
Name of the Signatory.........................
Designation.............................
Full address.............................
Certificate by Chartered Accountant/Cost Accountant
Signature................................
Seal.......................................
Membership No........................
Presented by eximkey.com
(i) "Export and Import Policy 1992-97" means the Export and Import Policy 1 April, 1992-31 March, 1997 published vide Public Notice of the Government of India in the Ministry of Commerce No. 1-ITC(PN)/92-97, dated the 31st March,1992, as amended from time to time.
(ii) "Licensing Authority" means the Director General of Foreign Trade appointed under section 6 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) or an officer authorized by him to grant a licence under the said Act;
(iii) "Materials" means, -
-
(a) raw materials, components, intermediates, consumables, computer software and parts required for manufacture of export product, and
(b) packaging materials required for packing of export product.
(This consists of..... pages)
Sl. No....... (IMP) 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 under Part "C" of this Certificate would be eligible for exemption from customs duties subject to the conditions specified in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 148/95-Customs, dated the 19th September, 1995.
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 clearances of the goods from the Customs.
Names and addresses of the factories where the resultant product for export are manufactured.
Names and addresses of factories where the ancillaries to the resultant products for export are manufactured.
Total CIF Value Rs............
(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 under part "C" of this certificate would be eligible for exemption from customs duties subject to the conditions specified in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 148/95-Customs, dated the 19th September, 1995.
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 clearances of the goods from the Customs.
Names and addresses of the factories where the resultant products for export are manufactured.
Names and addresses of factories where the ancillaries to the resultant products for export are manufactured.
Details of Imports made
Details of Exports made
1. I/We hereby declare that information given in this statement is correct.
2. I/We hereby declare that no benefit under rule 12(l) (b)/13(l) (b) of the Central Excise Rules, 1944, has been availed in respect of exports made under DEEC.
I have examined the applicant firm"s actual imports and exports as given above and find them as correct.