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Showing contexts for: intermediate component in Sonia Fisheries & Anr. vs Union Of India & Ors. on 14 August, 1996Matching Fragments
8. In the present case, admittedly the Advance Licence was given to the Petitioners on 14th September, 1993 on the basis of Export and Import Policy in force from April, 1992 to 31st March, 1997. The relevant portions of paragraphs 47, 48, 50 and 51 of the said Policy read as follows :-
"47. Under the Duty Exemption Scheme, import of raw materials, intermediates, components, consumables, parts, accessories, mandatory spares (not exceeding 5% of the CIF value of the licence), packing materials and computer software (hereinafter referred to as "inputs") required for the product to be exported may be permitted duty free for processing and export by the competent authority under the categories of licences mentioned in this chapter.