| Date: |
13-10-1995
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| Notification No: |
Customs Circular No 109/1995
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| Issuing Authority: |
Indian Customs
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| Type: |
Circular
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| File No: |
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| Subject: |
QBAL - Licences issued under Para 62/62A of EXIM Policy will be same as under para 50 of the Policy
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QBAL - Licences issued under Para 62/62A of EXIM Policy will be same as
under para 50 of the Policy
Circular No. 109 dated 13th
October 1995
The Commissioner of
Customs, Bombay had made a reference to the Ministry regarding the difficulty
faced by the Bombay Customs House in extending benefit of the exemption
Notification No. 204/ 92-Customs dated 19.5.92 on inputs imported against a
Quantity based licence issued under para 62A of the Exim Policy. It was stated
that the term "Advance Licence" in Notfn. No. 204/92-Cus. has been
defined as a Quantity Based Licence issued under para 50, 55, or 72 of the
Exim Policy; and that the definition does not specifically cover those Quantity
based Licenses which are being issued under para 62A of the Exim Policy and
hence the difficulty in extending duty benefits under Notfn. No. 204/ 92-Customs
in respect of Quantity Based licences issued under para 62 of the Exim Policy.
2. The
matter was referred to the DGFT who have now 'clarified that Quantity based
advance Licence issued under production Programme on the basis of criteria laid
down in paragraphs 62 or 62A of the Export and Import Policy should be
deemed to have been issued under para 50 or 55 as the case may be, of the policy
for all purposes. This clarification was given in respect of licences already
issued by them. It has also been clarified by the DGFT that in future case QBAL
licences under para 62 or 62A of the Exim Policy will be issued by them under
para 50 of the policy. A copy1 of the letter dated 5th Sept., 1995 by
the DGFT to member (Cus & EP) clarifying the matter is enclosed for your
ready reference.
3. In
case of any doubt, the matter may please be referred to the Board. Necessary
instructions in the form of Public Notice/ standing Order for the information of
the trade/ guidance of the staff may be issued and copies of the same be
forwarded to Comm. (DBK)/ Director General of Inspection and Audit (Customs
& Central Excise), New Delhi.
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