In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with section 136 of the Finance Act, 2001 (14 of 2001), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notifications of the Government of India in the erstwhile Ministry of Finance and Company Affairs (Department of Revenue), No. 12/2003-Central Excise, dated the 1st March, 2003, vide G.S.R. 142 (E), dated the 1st March
In the event of his failure to satisfy the undertaking, the manufacturer shall be liable to pay additional duty of excise specified in the Fourth Schedule to the Finance Act, 2003 (32 of 2003) for the period referred to in condition.
In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with section 136 of the Finance Act, 2001 (14 of 2001), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts, petroleum oils and oils obtained from bituminous minerals, crude, produced either in the fields under the Production Sharing Contracts, specified in column.
I am directed to invite your kind attention to Board’s Circular No. 31/2003-Customs, dated 7-4-2003 on the above subject and to say that it has been brought to the notice of the Board that EOUs situated in Andamans & Nicober Islands (A & N islands) are facing difficulties in their day-to-day functioning as presently the EOUs in A &N islands are being administered by Customs staff from Kolkata Customs House. The existing arrangements are resulting in delay in getting requisite permissions, exports and imports of goods, etc. as well as in increased transaction cost to the units.
For the purposes of this notification the applied rate of duty means the standard rate of duty specified in the First Schedule to the said Customs Tariff Act, with respect to the goods specified in the said Table, read with any other exemption notification, for the time being in force, issued in respect of such goods under sub-section (1) of section 25 of the said Customs Act.
Products eligible for a Certificate of origin in the form annexed shall support preferential treatment issued by an authority designated by the Government of the exporting country and notified to the other country in accordance with the certification procedures to be devised and approved by both the Contracting Parties.
The principal notification No.56/2002-Central Excise, dated the 14th November, 2002 was published in the Gazette of India, vide number G.S.R. 764(E), dated the 14th November, 2002 and was last amended by notification No. 5/2003-Central Excise, dated the 13th February, 2003, [G.S.R. 104 (E), dated the 13th February, 2003.
Similarly, in terms of Para 4(ii) conversion of shipping bill from one export promotion scheme to another was permitted provided benefit of that scheme was denied to him by DGFT or Customs. Conversion in such cases was to be permitted by Commissioner on case to case basis subject to the conditions specified in Para 4 (a),(b) and (c) of the said Circular.
Attention is invited to Notification No. 5 (RE-2003)/2002-07 dated 7.4.2003 vide which mandatory standards for import of certain electrical goods and appliances have been stipulated to be complied with by the importers. In this connection representations have been received from various Associations and importers and keeping in view the operative difficulties pointed out, it has been decided that such mandatory standards in respect of the items at sl. No. 143 to 159 of the above mentioned notification shall come into force after 17.08.2003.
Notification No.126 – Income Tax In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely
