Notification No. 177/1994, Dated 21st Oct 1994

(1)

the importer has been authorised to establish a manufacturing unit in the Zone for the purposes specified in this notification;

(2)

the importer is covered, wherever required, by a general or specific permit issued by the Reserve Bank of India;

(3)

the importer has been granted necessary licence for the import of the said goods;

(4)

the importer executes a bond in such form and for such sum as may be specified by the Assistant Commissioner of Customs or Deputy Commissioner of Customs binding himself to -

(i)

bring the said goods into his unit and use them within the Zone for the purposes specified in this notification;

(ii)

dispose of the said goods or the gem and jewelery manufactured or packaged in the unit or the waste arising out of such production or packaging in the manner as may be prescribed in the Export-Import Policy and in this notification;

(5)

the importer shall maintain a proper account of import, consumption and utilization of the said goods and of the exports made by him, and shall submit such account periodically to the Assistant Commissioner of Customs or Deputy Commissioner of Customs;

(6)

the importer satisfies the Development Commissioner of the Zone that the goods so imported have been used for the purposes specified in the notification or for any other purposes specified in Export-Import Policy;

(7)

the Assistant Commissioner of Customs or Deputy Commissioner of Customs, may subject to such conditions and limitations as may be imposed by him and subject to the provisions of Export-Import Policy -

(i)

permit the said goods or goods manufactured or packaged in the unit to be transferred or supplied to another unit in the same Zone;

(ii)

permit re-export of imported goods and export of domestically procured goods including goods generated out of partial processing/manufacture from such goods;

&nbs