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Board has issued Circular No. 76/98-Cus. dated 12th October, 1998 which inter alia stated that duty payable on goods imported under EPCD Scheme and Project Import etc. can be debited in a DEPB scrip instead of payment in cash
Attention is invited to Notification No. 2 (RE-2000)/97-02 dated 31.03.2000, according to which import of PCB’s classified under Exim Code Nos. 851790 00.10 and 853400 00.20 was made free. Attention is also invited to Notification No. 15 (RE-2000)/97-02 dated 10.05.2000, according to which licensing note no.2 at the end of chapters 84,86,87,88,89,90,91,92,93,94,95,96 and 98 was deleted and public Notice No. 290(PN) dated 30.04.95 was withdrawn.
In exercise of the powers conferred under Paragraph 4.11 of the Export & Import Policy, 1997-2002, the Director General of Foreign Trade hereby makes the following amendments in Schedule 2 Appendix 1 of the book titled “ ITC(HS) Classification of Export and Import Items 1997-2002.
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 the goods described in the Schedule annexed hereto, when imported into India for display or sale in the “INDEPEX-ASIANA-2000” which is an international philatelic exhibition to be held at Calcutta from the 7th December, 2000.
