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.
whereas the National Committee for Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for specifying the said project or scheme for a further period of three years
whereas the National Committee for Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for specifying the said project or scheme for a further period of three years
In exercise of the powers conferred by sub-section (1) of, read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government, on the recommendations of the National Committee for Promotion of Social and Economic Welfare
The matter has been examined by the Board and it has been decided to extend the time limit for completing the process of disposal of the uncleared /unclaimed goods landed upto 31.3.2003 by the custodians from 30.4.2004 to 31.12.2004.
I am directed to refer to Board’s Circular No. 581/18/2001-CX dated 29th June, 2001 which interalia, specifies conditions, procedures, class of exporters and places under sub-rule (2) of rule 20 of Central Excise Rules, 2002 for warehousing of excisable goods for the purpose of export. In paragraph 2(2) of the said Circular, Board has specified places where warehouses may be established. Now
Applications for DFRC/DEPB which are covered in category (a) above but have already been disposed of can be reconsidered by the concerned licensing authority on application. In such cases, a supplementary DFRC / DEPB, as the case may be, will be issued to the applicant.
