The principal notification No.12/97-CUSTOMS(N.T.), dated the 2nd April,1997 was published in the Gazette of India, Extraordinary Part-II, section 3, sub-section( i ), vide G.S.R.193(E) dated the 2nd April,1997 and last amended by notification No.70/2003-CUSTOMS(N.T.) dated 10th September,2003, published in the Gazette of India, Extraordinary Part-II, section 3, sub-section( i ), vide G.S.R.721(E) dated the 10th September, 2003.
The principal notification No. 87/98-CUSTOMS (N.T), dated the 9th November, 1998 was published in the Gazette of India Extraordinary Part II, Section 3, sub-section (i) , dated the 9th November, 1998 vide G.S.R. 662(E) dated the 9th November,1998 and last amended vide notification No.38/2003-CUSTOMs (N.T.), dated the 5th June, 2003.
In partial modification of earlier instructions on the subject, the Board have revised the prescribed monetary ceilings for write-off of irrecoverable dues of Direct Taxes by the various income-tax authorities. At the same time, the Board have reviewed and modified the existing structure of the Committees for recommending write-off. The revised procedure in this regard would be as follows:
