Where the manufacturer exporter has obtained authorisations for manufacture of the same export product both under EPCG or any of the Duty Exemption and Remission Schemes as given in Chapter 4 of the Foreign Trade Policy and physical exports or deemed exports for categories mentioned in paragraph 5.4(iv) of Foreign Trade Policy, made under these schemes shall also be counted towards the discharge of export obligation under EPCG Scheme.
In exercise of the powers conferred by clause (a) of sub-section (1) 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. 62/94 (NT) – Customs, dated the 21st November, 1994.
Amendment in the notification No. 1/2006-Service Tax, dated the 1st March, 2006 Date: 23rd May, 2006 Notification No. 21/2006-Service Tax G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public […]
It is observed from the information provided by the depositories that the companies listed in Annexure ‘A’ have established connectivity with both the depositories on or before 31.03.2006.
Notification No. 07 (RE-2006) updates the import policy for fish lipid oil, allowing free import subject to specific standards starting May 18, 2006.
It is hereby clarified that the above mentioned condition is applicable only for use as a passenger vehicle. For the limited purpose of carrying out endurance test, evaluation test and for other testing purposes, the vehicle may be registered as provided for in the CMVR Rules.
The existing DEPB rate of 7% with the value cap of Rs. 1120/- per piece notified vide Public Notice No. 37 dated 09.08.2005 for the export product “Hermetically Sealed Compressors for Refrigerators & Commercial Refrigeration Applications using eco friendly gases” appearing at Sr. No. 588 is made effective from 21.03.2005.
However, in case the import of spices is for value addition purpose like crushing/grounding/sterlisation or for manufacture of oils and oleoresins and not for simple cleaning, grading, re-packing etc., the export obligation shall be fulfilled within a period of 120 days.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby amends or further amends, as the case may be, each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column 2 of the Table below, in the manner specified in the corresponding entry in column 3 of the said Table, namely.
Provided that such clearance shall be allowed only where the said officer certifies that the textile fabric or textile material proposed to be cleared are left over and such clearance do not exceed two percent. of value or the quantity of consignments in the previous year to which such left over textile fabric or textile material relates, whichever is lower.
