REGISTERED No. D.(D)-72
The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 214] NEW DELHI, FRIDAY, NOVEMBER 12, 1976/KARTIKA 21, 1898
Separata paging is given to this Part in order that it may be filed
as a separate compilation
MINISTRY OF COMMERCE
PUBLIC NOTICE
IMPORT TRADE CONTROL
New Delhi, the \2th November 1976
SUBJECT.—Import Policy for Registered Exporters for 1976-77—duty exemption scheme for advance licences.
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No. 112-ITC(PN)/76.—Attention is, invited to the provisions made in para 55 Part 'B' Section I of the import Trade Control Policy (Red Book—Volume II) for April 1976— March 1977 pertaining to imports under duty exemption scheme. The details of the scheme arc given in Annexure XXXIX of the said Red Book.
2. Under the provisions, advance licences are issued for import of raw materials and components required for execution of specific orders. Representations have been received that exporters may be enabled to make timely arrangements for import of raw materials and components in anticipation of securing export orders from buyers abroad. It has accordingly been decided to entertain applications for the grant of bulk advance licences under the scheme.
3. Applications for the bulk advance licence can be made without reference to any 'specific export order. Such application should be made in the form appearing in Annexure XV in Red Book (Volume II) which is the form meant for application's for advance licences against specific export orders Since in such cases, there will be no export order
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I 6 9O THE GAZETTE OF INDIA EXTRAORDINARY PART I—SEC. 1at the time the application is made, the applicant will not bo required to furnish the detailt of the export order in the application. The applicant should indicate the value of tho licence applied for and the items sought to be imported as also the description of goods to be exported. The application should be supported by treasury challan towards payment of application fees. The application should be made to the Chief Controller of Imports and Exports (E. P. Division), Udyog Bhavan, New Delhi.
4. The bulk advance licence will be issued for the value and the items as may be re- commended by the DGTD and cleared by the Advance Licensing Committee under tho Chief Controller of Imports and Exports. The licence will be subject to an export obligation. The licence-holder will be required to export goods of specified value and description within a stipulated period in discharge of the obligation. On the basis of such bulk advance licence, the licence-holder will be able to import the material for export production.
5. Meanwhile, if the licence-holder receives an export order and he intends to avail of the benefits of the Duty Exemption Scheme for import of raw materials and components for execution of that export order against the bulk advance licence already issued to him, he should rnako an application to this effect to the Chief Controller of Imports & Exports (EP Division), Udyog Bhavan, New Delhi in tho form prescribed in Appendix II in Annexuro XXXIX to Red Book (Volume II). The application should be made in the form and manner as laid down in Annexure XXXIX to Red Book (Volume II). It should be supported by a copy of the export order and. other documents in accordance with the procedure indicated in the said Annexure XXXIX. Copies of the application should also be addressed to the DGTD (EP Directorate), Udyog Bhavan, New Delhi and Deputy Secretary (Drawback), Ministry of Finance, New Delhi. It will not be necessary for the applicant to pay applica- tion fees in respect of such application. The application •should be made a month before the arrival of goods against the bulk advance licence referred to above. After considering the application, if it is decided to allow the applicant the benefit of duty exemption scheme in respect of specified raw materials and components of specified value/quantity, the bulk advance licence will be suitably endorsed by the licensing authority to allow duty-free imports subject to an export obligation. In pursuance of such endorsement imports will be allowed free of duty and to that extent, the bulk advance licence will be treated at a licence issued under the duty exemption scheme.
6. If the licence-holder is not in a position to secure an export order and the import* are made against the bulk advance licence, such imports will not be exempt from payment of customs duty and the importer will be required to discharge the export obligation already imposed on the licence for which he will have to execute the export bond supported by bank guarantee or in the form of a legal agreement without a bant guarantee as the case may be.
A. S. GILL,
Chief Controller o* Import* and Exporti.
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1 6 92 T HE GAZETTE OF INDIA EXTRAORDINARY PART I—SEC.