“Notification No. 6 (RE-2001) revises the ITC(HS) import policy, introducing new items and conditions, especially for hazardous waste and copper scrap imports.”
Notification No. 5 (RE-2001) amends the import policy on alcoholic beverages, requiring compliance with State Government regulations for imports.
Give an undertaking in writing that the proof of compliance to conformity of production as per rule 126A of CMVR shall be submitted within six months of the imports. In case of failure to do so, no further import of new vehicle of that model shall be allowed thereafter.
“Notification No. 3 (RE-2001) outlines updated import requirements for meat, poultry, food products, textiles, and agricultural items under ITC(HS) Policy 1997-2002.”
Where the Policy for Import is given as ‘State Trading Enterprise(STE)’, the nominated enterprise(s) shall make any such purchases or sales involving imports or exports solely in accordance with commercial considerations, including price, quality, availability, marketability, transportation and other conditions of purchase or sale. These enterprise(s) shall act in a non discriminatory manner and shall afford the enterprises of other countries adequate opportunity, in accordance with customary business practice, to compete for participation in such purchases or sales.
“Notification No. 1 (RE-00) updates the Export and Import Policy 1997-2002, effective from 1st April 2001, incorporating amendments made up to 31st March 2001.”
Explanatory memorandum issued with the Finance Bill, 2001 FINANCE BILL, 2001- PROVISIONS RELATING TO DIRECT TAXES The provisions in Finance Bill, 2001, in the sphere of direct taxes relate to the following matters:- (i) Prescribing the rates of income-tax on incomes liable to tax for the assessment year 2001-2002; the rates at which tax will be deductible at source during the financial year 2001-2002 from interest (including interest on securities), winnings from lotteries or crossword puzzles, winnings from horse races, card games and other categories of income liable to deduction of tax at source under the Income-tax Act
Attention is invited to the entry at Code No. 1001(a) in Table B of Schedule 2 and Sr. No. 12(i) of Appendix –1 to Schedule 2 in the book titled ” ITC(HS) Classifications of Export and Import Items, 1997-2002 ” (incorporating amendments made upto 31st August, 1998) and as amended from time to time specifying the terms and conditions for export of items indicated therein.
In exercise of the powers conferred under Para 4.11 of the Export & Import Policy, 1997-2002, (incorporating amendments made upto 31st March, 2000) and as amended from time to time, the following amendment may be made in the Public Notice No. 28.
The principal notification No. 84/94-Central Excises dated the 11th April, 1994 was published in the Gazette of India, Extraordinary vide G.S.R 376 (E) dated the 11th April, 1994 and was last amended by notification No. 31/2000-Central Excise dated the 31 st March, 2000 (G.S.R 291 (E) dated the 31 st March, 2000.
