Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2000, income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax as reduced by the rebate of income-tax calculated under Chapter VIII-A of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Income-tax Act), shall be increased,—
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with section 3A of the Customs Tariff Act, 1975 (51 of 1975), the Central Government being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 17/2000-Customs, dated the 1st March, 2000, published in the Gazette of India Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R. 169(E), dated the 1st March, 2000.
In exercise of powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (51 of 1962), read with sub-section (4) of section 90 of the Finance Act, 2000 (10 of 2000), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in me Ministry of Finance (Department of Revenue), No.19/2000-Customs, dated the 1st March, 2000, published in me Official Gazette vide number G.S.R.171(E), dated the 1st March, 2000.
Provided further that the exemption under this notification shall not be applicable in respect of goods mentioned against serial No.3, where me mode of levy of duty of customs under me said First Schedule is ad valorem or specific, whichever is higher, if the sum of duly calculated at such ad valorem rate and the surcharge calculated on the basis of the ad valorem duty exceeds the amount of duty calculated at the specific rate.
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 exempts goods falling under sub-heading Nos. 0902.10, 0902.20, 0902.30, 0902.40 and 2101.20 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), from so much of the duty of customs leviable thereon under the said First Schedule, as is in excess of the amount calculated at the rate of 7.5 percent ad valorem, subject to the following conditions, namely.
(i) condition (3) shall be omitted;(ii) in the Table,- (a) LIST-4 shall be omitted, (b) in LIST-5, in column 2, in item 1, for sub-item (a), the following shall be substituted, namely:- (a) goods mentioned in lists 1,2 and 3 and Notification No. 60/2000-Cus., dated 12-5-2000.
It is directed to refer to Chapter 9 of the revised Exim Policy 1997-2002 and Handbook of Procedures, Vol.1. The changes made therein have necessitated amendments in notifications governing duty free import/procurement of goods by EOU/EPZ/STP/EHTP units. These amendments have been made vide notifcation Nos. 71/2000-Cus, and 40/2000-CE, both dated 22.5.2000. A copy each of
Para 2(vi): It is clarified that drawback could be availed at All Industry Rate equivalent to the central excise duty portion in respect of inputs imported & cleared on payment of CVD under DFRC Scheme, provided no cenvat has been availed; alternately, the exporter could avail Brand rate of Drawback.
While examining a VIP reference it has come to the notice of the Ministry that at Mumbai Airport 15-20% passengers, arriving from sensitive airports and walking past the Green Channel were made to undertake baggage screening. This is reported to be causing a lot of inconvenience to the passengers. Besides, this defeats the very purpose for which Green Channel facility was created
In exercise of the powers conferred by section 11BB of the Central Excises Act, 1944 ( 1 of 1944) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 22/95-Central Excise (N.T.), dated the 29th May, 1995
