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Attention is invited to para 2 of Notification No. 2 (RE-99)/1997-2002 dated 31.3.99 wherein it is notified that any item importable under Special Import License (SIL) shall be importable on surrender of SIL equivalent to three times the c.i.f. value of imports, except in those cases where the requirement of surrender of SIL is more than three times the c.i.f. value of imports.
in the matter of import of Acrylonitrile-butadiene rubber (hereinafter referred to as NBR) falling under subleading No.4002.59 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, Japan, the Designated Authority vide its final findings, published in the Gazette of Inida, Extraordinary, Part I, Section 1, dated the 19th October, 1995 and come to the conclusion.
