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In the light of above facts, it is clarified that the minimum value addition of 33% for export of goods against payment in Indian Rupee under Paragraph 11.7 of the Exim Policy may be achieved by effecting an increase in intrinsic value of the export product as explained in paragraph 2 above.
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 directs that each of the notifications of the Government of India, in the Ministry of Finance.
The principal notification No. 53/93-Customs, dated the 3rd June, 1997, was issued vide G.S.R. 302 (E), dated the 3rd June, 1997 and was last amended by notification No. 65/99-Customs, dated the 19th May 1999, issued vide G.S.R. 369 (E), dated the 19th May, 1999.
Notification No. 11220-Income Tax In exercise of the powers conferred by sub-clause (23E) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “Exchange Risk Administration Fund” set up by Indian Renewable Energy Development Agency Limited, a public financial institution notified under sub-section (2) of section 4A of the Companies Act, 1956
The principal notification 126/94-Central Excise, dated the 2nd Septenber, 1994 was issued on 2nd September, 1994 vide G.S.R. 667 (E), dated 2-9-94, and was last amended by notification number 25/99-Central Excise, dated the 19th May 1999. issued vide G.S.R. 370(E), dated 19-5-99.
