Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!
Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!
The principal notification was published in the Gazette of India vide notification number 62/94-CUSTOMS (NT), dated the 21st November, 1994 [ S.O. number. 829 (E) dated 21.11.1994 ] and last amended by notification number 23/2003-CUSTOMS (NT) dated 11th March, 2003.
directs that the provisions of the said Act, specified in column (1) of Schedule III annexed to the notification of the Government of India, in the erstwhile Department of Company Law Administration number G.S.R. 978 dated the 28th May, 1963 shall not apply and/or, as the case may be, shall apply with the exceptions, modifications and adaptations specified in the corresponding entry in column
Apart from duty drawback, exporters also have other schemes for claiming the relief of input stage duties of Central Excise through rebate under Rule 18 of the Central Excise Rules, 2002 or Cenvat Facility under the Cenvat Credit Rules, 2002. It is clarified here that if the input stage duties have been rebated through the instrumentality of any of these schemes, then simultaneous relief under Drawback scheme shall not be admissible.
One of the common feature of all these notifications is that import under the aforesaid two credit certificate schemes and import/export under the new EPCG Scheme has been permitted only through places which are notified in these notifications.
I am directed to refer to representations received from domestic courier companies and field formations of Customs to allow the movement of domestic couriers bags on domestic segment of international flights.
Attention is invited to Paragraph 2.4 of the Export and Import Policy 2002-2007, as amended and Paragraphs 4.9 and 4.10 of the Handbook of Procedures, Vol.1, 2002-2007, as amended and also to the Handbook of Procedures, Vol.2, 2002-2007, as amended from time to time.
