Join our free webinar on July 4th at 4:00 PM to gain insights into the dematerialization of securities and recent amendments. Register now for key updates.
Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.
The principal Notification No. 15/2002-Customs (N.T.), dated the 7th March, 2002 was published in the Gazette of India vide number G.S.R. 171 (E), dated the 7th March, 2002 and was last amended by Notification No.89/2006-Customs (N.T.), dated the 18th August, 2006, G.S.R. 486(E), dated the 18th August, 2006.
In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby substitutes the existing entries pertaining to export policy of onions at Sl.No.44 and 44A (as inserted by Notification No. 32(RE-2007)/ 2004-2009 dated 04.10.2007 and amended by Notification No.37(RE-2007)/ 2004-2009 dated 15.10.2007 and Notification No.41(RE-2007)/ 2004-2009 dated 23.10.2007).
Item number (vii) under second paragraph of Condition 16 of Chapter 1 A (General Notes to Import Policy) of the ITC (HS) Classifications of Export and Import items, 2004-09 notified vide Notification No. 30 (RE-2007)/2004-09 dated 24th September, 2007.
Once transferability is endorsed, imports / domestic procurement against authorisation or transfer of imported inputs / domestically procured inputs shall be subject to payment of applicable additional customs duty / excise duty. While endorsing transferability, authorisation would bear a note as to liability of such additional customs duty / excise duty.
