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Electronic goods - Inputs import clearance Notification No. 203/92-Cus-
clarification
Circular No. 49 dated 15th
May 1995
Consumer Electronics and
TV Manufacturers Association have brought to the Ministry's notice some
difficulties being faced by them in clearance of inputs required for manufacture
of Electronic goods in terms of proviso to clause (a) of Explanation (iii) of
notification No. 203/ 92-Cus. and the scope of ITC Public Notice No. 261, dated
21.12.1994.
2. The
matter has been examined. Notification No. 203/92-Cus. permits import of inputs
required for manufacture of export product and further the facility of broad
bonding for Electronic sector has been specifically permitted under Notification
No. 203/ 92-Cus.
3. Thus
for extending the benefit of the exemption under Notification No. 203/92-Cus.
what is relevant is not the date of issue of the licence but -
(i) Description
of goods as given in the Licence and DEEC Book; and
(ii)
Whether on the date of importation, in terms of Section 15 of the Customs
Act, 1962 the goods are covered by a single serial number in applying the
concession under the above referred Notification.
4. If the above
criteria are adopted there should be no difficulty in applying the concession
under the above-referred Notification.
5. All pending
consignments may please be cleared keeping in view this clarification.
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