Value Based Advance Licence - issued on or after 19-9-1995 - material imported under.
19-9-1995
Notification No. 148/95-Customs
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 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 Customs Tariff Act, 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 in the form specified in the Schedule annexed to this notification;
(ii) that the importer at the time of clearance of the imported materials executes a bond with such surety or security and in such
form and for such sum as may be specified by the Assistant Commissioner of Customs or Deputy Commissioner of Customs
binding himself to pay on demand an amount equal to the duty leviable but for the exemption on the imported materials in
respect of which the conditions specified in this notification have not been complied with, together with interest at the rate of
twenty-four per cent per annum from the date of clearance of the said materials.
Provided that the bond shall not be necessary in respect of imports made after discharge of export obligation in full;
(iii) that the said licence and the said certificate are produced before the proper officer of customs at the time of clearance for
debit;
(iv) [that the imports and exports are undertaken through sea ports at Mumbai, Calcutta, Cochin, Magdalla, Kakinada, Kandia,
Manga-lore, Marmagoa, Madras, Naves Sheva, Paradeep, Pipavav, Sikka, Tuticorin, Visakhapatnam, Dahej, Nagapattinam ,
Okha and Mundhra or through any of the airports at Ahmedabad, Bangalore, Bhubaneshwar, Mumbai, Calcutta, Coimbatore,
Delhi, Hyderabad, Jaipur, Madras, Srinagar, Trivandrum, Varanasi, Nagpur and Cochin or through any of the Inland Container
Depots at Agra, Bangalore, Coimbatore, Delhi, Faridabad, Gauhati, Guntur, Hyderabad, Jaipur, Jallandhar, Kanpur, Ludhiana,
Moradabad, Nagpur, 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 and Madurai or through the Land Customs Station at Ranaghat and
Singhabad.
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 sea port, 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 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 certificate 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(l) (b) or rule 13(l) (b) of the said rules has not been availed; and
(b) drawback has not been claimed either under section 74 of the Customs Act, 1962 (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 or Deputy Commissioner of Customs within a period of 30 days of the expiry of period allowed for fulfillment of export
obligation, or within such extended period as the said Assistant Commissioner of Customs or Deputy may allow;
(vii) exempt materials shall not be disposed of or utilized in any manner, except for utilization in discharge of export obligation,
or for replenishment of such materials and the materials so replenished shall not be sold or transferred to any other person.
Explanation. - In this notification, -
(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.
Table
Sr. No. Export product
1.Leather garments.
2.Textile garments including knitwear.
THE SCHEDULE
VALUE BASED DUTY EXEMPTION ENTITLEMENT CERTIFICATE
PART -1
(IMPORT)
(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.
Signature
Seal of licensing authority
date
PART - A
Names and addresses of the factories where the resultant product for export are manufactured.
PART -B
Names and addresses of factories where the ancillaries to the resultant products for export are manufactured.
PART -C
List of Items of Import
Sl.Item of ImportQualityTechnical Characteristics No.
1.2. 3. 4.
QuantityCIF Value in Indian Rs. & in equivalent US $S. No. of the resultant products in Part E
5. 6. 7.
Total CIF Value Rs............
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 documentsSignature of the Customs Officer
5. 6. 7.
VALUE BASED DUTY EXEMPTION ENTITLEMENT CERTIFICATE
PART - 2
(EXPORT)
(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.
Signature
Seal of licensing authority
date
PART-A
Names and addresses of the factories where the resultant products for export are manufactured.
PART -B
Names and addresses of factories where the ancillaries to the resultant products for export are manufactured.
(Parts C and D figure in the Import Part of this DEEC)
PART -E
Resultant products
Sl.No.DescriptionSr. No. in table to Notification no. 148/95-CustomsQualityTechnical Characteristics.
1. 2. 3. 4. 5.
QuantityFOB 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
Details of Imports made
Sl.No.Sl. No. of Part CDescriptionQuantity ImportedCIF value InRs. In Equivalent US $
1. 2. 3. 4. 5.
Details of Exports made
Sl. No.Sl. No. in Part EDescriptionQuantity exportedFOB Value In Rs. In Equivalent US $
1. 2. 3. 4. 5.
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.
Signature...........................................
Name of the Signatory.........................
Designation........................................
Full address.......................................
Certificate by Chartered Accountant/Cost Accountant
I have examined the applicant firm"s actual imports and exports as given above and find them as correct.
Signature..............................................
Seal........................................................
Membership No......................................
Notification No. 148/95-Cus., dated 19-9-1995 as amended by Notifications No. 29/96-Cus., dated 15-6-1996; No. 92/97-
Cus., dated 19-12-1997; No. 51/99-Cus., dated 29-4-1999 and No. 121/99-Cus., dated 4-11-1999 and corrected by
Corrigendum No. Drawback P.N. 4/99 dated 29-6-1999 and Notfn.No.30/2001 dated 12.03.2001.
