Import of arms is permitted against a license to renowned shooters/rifle clubs for their own use on the recommendation of Department of Youth Affairs and Sports, Government of India . However, import of 0.177 bore air guns and air pistols will be free for shooters registered with Rifle Clubs or District/ State/ National Rifles Association.
Therefore, in exercise of the powers conferred by sub-section (1) of section 9A, read with the second proviso to sub-section (5) and (6) of that section of the said Customs Tariff Act and rules 18, 20 and 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 147/2000-Customs, dated the 19th December, 2000, namely.
Representations have been received suggesting re-imbursement of education cess paid along with excise duty / terminal excise duty in respect of such supplies. The matter has been examined. It is accordingly clarified that in respect of supplies made with effect from 18.01.2005 education cess paid along with excise duty may also be reimbursed in the form of duty drawback & Terminal excise duty, as the case may be subject to fulfillment of all other requirements/provisions of deemed exports.
Clarification has been sought whether, after taking such precious metals on loan basis from the nominated agencies, the same can be converted into outright purchase. The matter has been considered in consultation with the concerned Departments and it is clarified that conversion of loan of precious metals taken from nominated agencies to outright purchase is allowed within the original stipulated export period i.e 60 days upto 31.3.05 and 90 days thereafter (90 days w.e.f. 10.5.2005 in case of SEZ) from the date of release.
