"May, 1995" Archive

This notification exempts specified goods imported against a Pass Book

Notification No. 104/95-Customs (30/05/1995)

Where the importer does not claim exemption from the additional duty of customs leviable under section 3 of the Customs Tariff Act, 1975 (51 of 1975), he shall be deemed not to have availed the exemption from the duty specified in the First Schedule to the said Customs Tariff Act for the purpose of calculation of the said additional duty ...

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Circular No. 57/95-Custom Duty Dated 30/5/1995

Circular No. 57/95-Custom Duty (30/05/1995)

Section 74 and Section 75 of the Customs Act, 1962 have been amended by Finance Act, 1995 and a new section 75A has been introduced. Some of the significant changes are as under...

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Interest on arrears of confirmed demand

Circular No. 58/95-Custom Duty (31/05/1995)

I am directed to invited your attention to the provisions of the Finance Bill, 1995, which sought to introduce a new section 28AA in the Customs Act. 1962 for the purposes of levy of interest on delayed payments of confirmed demands by the assesses, and to say that...

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Circular No. 56/95-Custom Dated 30/5/95

Circular No. 56/95-Custom Duty (30/05/1995)

I am directed to say that the Finance Bill 1995 has received the assent of the President of India on 26.5.1995 and with the coming into force of the Finance Act 1995 Chapter 98 of the Custom Tariff Act, 1975 stands amended such that vide NOTE 4" goods imported through courier service" are excluded from the said Chapter. Accordingly, Impor...

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Circular No. 55/95-Custom Duty Dated 30/5/1995

Circular No. 55/95-Custom Duty (30/05/1995)

The Board has had the occassion to examine the question of assessment of goods imported in unassembled form, particularly in the context of certain recent imports of cars in SKD kits form with the omission of a few parts like the batteries and tyres...

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Recovery of Govt. dues – guidelines issued

Circular No. 54/95-Custom Duty (30/05/1995)

The undersigned is directed to say that in terms of the amended section 142 of the customs Act, 1962, in addition to the existing modes of recovery of govt. dues mentioned therein, a provision has been made to empower custom officers to attach and sell the ...

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Interest on delayed refunds (proposed Section 11BB) – Regarding

Circular No. 130/41/95-CX (30/05/1995)

Circular No. 130/41/95-CX Your attention is invited to the Finance Act, 1995 wherein a new section 11BB under Central Excise & Salt Act, 1944 wherein a new section on delayed refunds. Which the enactment of the Finance Act, the the Department has become liable to pay interest at the prescribed rate in case of various types of refund whic...

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Circular No. 129/40/95-CX Dated 29/5/1995

Circular No. 129/40/95-CX (29/05/1995)

Circular No. 129/40/95-CX The new Central Excise rule No. 12(1) (b) has been framed to grant rebate of EC duty paid on raw materials /inputs used in the manufacture of the finished goods exported from India. The new Rule 12(1)(b) thus incorporates in it the erstwhile reels 12 A and 191A of the Central Excise Rules, 1944. A fresh notifica...

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DEEC Scheme – Clearance of bulk commodities may be allowed at any other ports than specified

Circular No. 53/95-Custom Duty (29/05/1995)

Ministry has received a number of representations form Cement Companies importing cola and other bulk commodities under the DEEC Scheme at Ports other than those specified in the Customs Exemption Notifications Nos. 203/92, 204/92, 79/95 and 80/95 ...

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The Customs, Central Excise Duties and Service Tax Drawback (Amendment) Rules, 2006

Notification No. 37/1995-Customs (N.T.) (26/05/1995)

Where any goods are produced or manufactured from imported materials or excisable materials or by using any taxable services as input services, on some of which only the duty or tax chargeable thereon has been paid and not on the rest, or only a part of the duty or tax chargeable has been paid; or the duty or tax paid has been rebated or ...

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