CUS NTF NO. 66/1997 DATE 03/09/1997
- Document type
- Notification
- Reference no.
- A
- Dated
- Category
- Tariff
DEPB - Imports aganist Provisional Credits can also be used in factory of supporting manufacturer of DEPB holder
DEPB - Imports aganist Provisional Credits can also be used in factory of supporting manufacturer of DEPB holder
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 makes following further amendment in the notification of Government of India in the Ministry of Finance (Department of Revenue), No. 34/97 Cus. dated the 7th April, 1997 namely:-
In the said notification, for the proviso to condition (v), the following provision, shall be substituted, namely:-
"Provided that in the case of import against provisional credits, the exemption shall be permitted only for such goods which are in the nature of inputs required for use in the production of goods in the factory of the Duty Entitlement Pass Book holder or in the factory of supporting manufacturer as specified in the said Duty Entitlement Pass Book and such inputs are not transferred, loaned, sold, parted with or disposed of in any manner over after credits on exports to set off provisional credits have been earned."