In exercise of the powers conferred by sub-clause (a) of sub-section (3) of Section 14 of the Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.59/2001-NT-Customs, [S.O.1170(E)] dated the 26th November, 2001 the Central Government hereby determines for the purposes of said section in so far as these relate to export goods, that the rate of exchange of conversion of each of the foreign currency specified in the column (2) of Schedule I and Schedule II appended hereto into Indian Currency or vice versa shall, with effect from the 1st January, 2002.
In exercise of the powers conferred by sub-section (2) of section 20 of the Indian Stamp Act 1899 (2 of 1899) and sub-clause (i) of clause (a) of sub-section (3) of Section 14 of Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.58/2001-NT-Customs, [S.O.1169(E)] dated the 26th November, 2001 the Central Government hereby.
As per the information provided by both the depositories the list of scrips that have established connectivity with them as on September 30, 2001 is given in annexure ‘A’ (serial no. 01 to 3244) These scrips would be traded in the normal rolling settlement mode with effect from December 31, 2001.
Circular No.609/46/2001-CX I am directed to refer to the correspondence resting with Board’s letter. No. 13/5/96/CX.I dated 4.6.96 and 11.9.98 (Copies enclosed) on the above subject. Board have clarified that plastic tube in running length are correctly classifiable under heading 39.17. However representations have been received from the Trade that in some cases the plastic tubes cut to size for use in refills are only produced and plastic tubes in running length do not come into existence at any intermediate stage as the process is a continuous one.
In continuation of Notification No.32 (RE-2001)/1997-2002 dated the 12th October, 2001, the following additions shall be made against the Code No.0703(1) in Table B of Schedule 2 of the said ITC(HS) relating to “onions (all varieties other than Bangalore Rose onion and Krishnapuram onions)” under the column ‘ nature of restriction.
In respect of Code No. 1207 relating to Niger Seeds for export to USA in Table B of Schedule2, the name of the ‘National Dairy Development Board ( NDDB)’ appearing at S. No. 2 under Column 4 shall be substituted by ‘ Dhara Vegetable Oil and Foods Company Ltd., ( DOFCO)’ , at the same S. No. as one of the State Trading Enterprises for export of Niger Seeds to USA.
Circular No.608/45/2001-CX I am directed to refer to the New Central Excise Manual released on 1.9.2001 and Board’s Circular No. 586/23/2001-CX dated 12.9.2001 wherein it is directed that Merchant Exporters, other than the Status holders (Super Star Trading House, Star Trading House, Trading House and Export House), have to, along with the bond executed for purposes of exports, furnish a security of 25% of bond amount
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 makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 39/96-Customs, dated the 23rd July, 1996, namely.
Pending cases/disputes may be decided on the basis of above instructions. Wide publicity may be given by issue of a Public Notice in this regard.
“Notification No. 42 (RE-2001) extends deemed export benefits for goods supplied to nuclear power projects through competitive bidding.”
