Policy Circular No. 29 clarifies product classifications under ITC(HS) 2004-09, addressing queries on imports, standards, and licensing requirements.
Para 4.40 of the Handbook of Procedures (Vol 1) allows certain notified ports to be treated as a single port for the purposes of imports and exports. However, the present distributed architecture of the Customs electronic system does not allow import clearances from all the notified ports in the same city. Therefore, the Regional Licensing Authorities will issue DEPBs (and other licences also) for a single notified Port only along with the unique six digit Location Code of the Customs ‘Port of Registration’ to facilitate speedy clearances against the licences issued.
In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with paragraph 2.1 of the Foreign Trade Policy, 2004-2009, as amended, the Central Government hereby makes the following amendment in the Notification No.28(RE-2004)/2004-2009 dated 7th March, 2005.
In exercise of powers conferred under paragraphs 2.4 of the Foreign Trade Policy, 2004-09, in partial modification to Notification No. 20/2004-09 dated 17-8-2005 the Director General of Foreign Trade hereby announces that the Rate of Duty Drawback of Rs. 1025/- per M.T. for HSD, shall be applicable to supplies by domestic oil companies under various schemes under Chapters 4, 6, 7 & 8 of the Foreign Trade Policy.
In exercise of powers conferred under paragraphs 2.4 of the Foreign Trade Policy, 2004-09, in partial modification to Notification No. 29/2004-09 dated 9-3-2005 the Director General of Foreign Trade hereby announces that the Rate of Duty Drawback of Rs. 1300/- per M.T. for Furnace Oil, shall be applicable to supplies by domestic oil companies under various schemes under Chapters 4, 6, 7 & 8 of the Foreign Trade Policy, until further orders.
Notification No.211/2005 – Income Tax S.O. (E). In exercise of the powers conferred by clause (c ) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “Archery Association of India”, New Delhi, as an association, for the purposes of the said clause for the assessment years 2006-2007 to 2008-2009
Notification No.210/2005 – Income Tax S.O. (E) In exercise of the powers conferred by section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendments in the notifications of the Government of India, Ministry of Finance, (Department of Revenue), Central Board of Direct Taxes, number S.O. 733(E) dated the 31s’July, 2001 and number S.O. 734(E) dated the 31Jt July, 2001
In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2004-2009, as amended, the Director General of Foreign Trade hereby makes the following amendment in the Public Notice No. 58 (RE-2004)/2002-2007, dated 7th March, 2005.
System and the DEPBs shall be registered at the Port of Registration electronically and no verification of Shipping Bills against which such DEPBs have been issued will be required before allowing imports against such DEPBs.
