CUS NTF NO. 32/1998 DATE 04/06/1998

To provide the facility of sale or transfer of materials or the Advance Licence shall not be available for those imported materials on which the MODVAT Credit has been availed, in terms of para (vi) (b) of the amending Notification, the facility for sale or transfer of materials or of the advance licence shall be available only to a manufacturer Exporter, or to an exporter having supporting manufacturer whole name appears on the said advance licence
G. S. R. 338 (E): 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 makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.204/92 Customs, dated the 19th May, 1992, namely :

In the said notification, for condition (vi), the following condition shall be substituted, namely :-

"(vi) (a)that the facility of sale or transfer of materials or transfer of the said licence shall not be available in respect of those materials which are permitted for import under the said licence and for which the credit of Central Excise Duty or Additional Customs duty has been availed under Rule 56A or rule 57A of the Central Excise Rules, 1944 ; and

(b)the facility provided in sub para (a) above shall be applicable only to a manufacturer exporter or to an exporter who has declared a supporting manufacturer and the name of the supporting manufacturer so declared appears on the said licence."

Sd/-
(SANDEEP AHUJA)
UNDER SECRETARY TO THE GOVERNMENT OF INDIA

F. No. 605/44/98-DBK

NOTE: The Principal notification No. 204/92 Customs dated the 19th May, 1992 was published in the Gazette of India vide GSR 537(E), dated the 19th May, 1992 and it was last amended vide notification No.101/95 Customs dated the 26th May, 1995.

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