Permitting duty free import of Tea against Advance Licence for export of Blended Tea - Amendment In SALC Circular No. 10/ 98-99 dated 1.3.1999.

SALC Circular No. 2 dated 5^th July 1999

Attention is invited to SALC Circular No. 10/ 98-99 dated 1.3.1999,on the above subject.

Representations have been received from the Trade / problems in export of Tea with the conditions as laid in the above referred SALC Circular and that the condition Nos. 5,7 and 8 of the said SALC Circular may be amended.

After careful consideration, the Special Advance Licensing Committee in its meeting held on 1.6.1999 has decided to substitute the condition Nos. (5),(7) and (8) of the said Circular as under:-

(5) The exporter shall indicate and declare to Customs Authorities the blend ratio of imported tea and domestic tea on the relevant Shipping Bills at the time of export

(7) The Bank Guarantee for 100% of duty saved on imported tea shall be executed by the exporter with Customs Authorities at the time of import.

(8) The licence for import of tea under Advance Licensing Scheme shall be issued with prior import condition and that the licensee shall strictly comply with above condition. They shall also submit certificate to the licensing authority from Chartered Accountant to the effect that the imported tea has been utilised/ consumed in the exports made after blending.

(9) Exporters intending to export tea to RPA countries shall apply separately to RLA concerned in accordance with the Policy and Procedure in force and the RBI guidelines as applicable.

All other conditions stipulated in the aforesaid SALC Circular dated 1.3.1999 shall remain unchanged.

All the Licensing Authorities are advised to strictly adhere to above conditions while allowing duty free import of tea against Advance Licences. Subject to review of position, the above procedure will be followed upto 30.9.1999.