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In exercise of the powers conferred by clause (a) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance, Department of Revenue, No. 61/94-Customs (N.T.), dated the 21st November, 1994.
The principal notification was published in the Gazette of India vide notification No. 63/94-CUSTOMS (NT), dated the 21st November, 1994 (S.O. 830(E), dated the 21st November, 1994) and was last amended by notification No. 51/2002-CUSTOMS (NT), dated the 6th August, 2002.
Several representations have been received from members of the trade that import of raw cashewnuts are subject to the requirement of a PHA release order in terms of the PFA Act, 1954. After consultations with Ministry of Health and Family Welfare and the Department of Revenue, it has now been decided to exempt all such imports of raw cashewnuts from the formalities of the PHA release order which are meant for re-processing and export. As such Customs Authorities will release such consignments on Customs Bond for re-processing as provided for in Clause (I) of Section 143 of the Customs Act, 1962.
In exercise of powers conferred under Para 2.4 of Export and Import Policy,2002-2007,the DGFT makes the following corrections in para 2.60 of the Handbook of Procedures.
