Since second hand photocopiers, air conditioners and diesel generating sets (below 10 KVA) etc. are covered under the definition of ‘second hand goods’, therefore their import shall be governed by the provisions of Para 2.17 of Policy and shall not be permitted to be imported under Para 5.1 of Policy.
Transfer of any duty free material imported or procured against advance licence from one unit of the company to another unit of the same company for manufacturing purpose shall be done with the permission of the jurisdictional Excise Authorities with a clear understanding that no benefit of CENVAT shall be claimed on such transferred inputs. However to avail the facility, all such units should be available in the IEC certificate.
In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.10/2005-NT-Customs, dated the 25th January, 2005 [S.O.84(E), dated the 25th January, 2005], the Board hereby determines for the purposes of said section relating to export goods, that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II appended hereto into Indian currency or vice versa shall, with effect from the 1st March, 2005.
In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.9/2005-NT-Customs, dated the 25th January, 2005 [S.O.83(E) dated the 25th January, 2005], the Board hereby determines for the purposes of said section, relating to imported goods, that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II appended hereto into Indian currency or vice versa shall, with effect from the 1st March, 2005.
(i) against S.No.1, for the entry in column (4), the entry 40% shall be substituted; and (ii) against S.No.2, for the entry in column (4), the entry 40% shall be substituted.
Notification No. 27 (RE-2004)/2004-09 updates the Target Plus scheme in the Foreign Trade Policy, 2004-09, regarding precious metals and jewelry, issued in public interest.
