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.83/2006-NT-Customs, dated the 26th July, 2006 [S.O.1185(E) dated the 26th July, 2006].
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 21/2002-Customs, dated the 1st March, 2002.
this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the Institution and separate books of account are maintained in respect of such business
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004 – 09, as Notified in Gazette of India extraordinary, Part – II, Section – 3, Sub – Section (ii) as amended from time to time and as per provisions contained in the Department of Revenue Ad-hoc Exemption Order No.31/2006-Customs dated 14.08.2006, the Director General of Foreign Trade hereby notifies the following arrangements.
It has been decided by the Board that airlines/ other carriers having annual transhipment volume above 2500 MT to/from any airport, the same would be exempt from Bank Guarantee for carriage of goods on transhipment. Further, the jurisdictional Commissioners of Customs in deserving cases may also consider giving waiver of bank guarantee.
Difficulties, if any in implementation of these instructions, may be brought to the notice of the Board. Kindly acknowledge receipt of this Circular.
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures.
Representations have been received from exporting community pointing out that some Regional Authorities are insisting for submission of SSI/Central Excise Registration Certificates of supporting manufacturers / jobbers at the time of redemption/issue of EODC in respect of DFIAs, even in cases where the export obligation has already been fulfilled. Attention is invited to provision contained in Paragraph 4.16 of the Handbook of Procedures, Vo.I which lays down the procedure for availing the facility of supporting manufacturers / jobbers in case of DFIA/Advance Authorisation holders.
In the Notes contained in the Application Form (Appendix 17D) for Target Plus Scheme for Exports Effected during 2005-06, in Note 4 (i) the words ‘Rs 10 Crores’ are replaced by the words “Rs 5 Crores.
Notification No. 220-Income Tax WHEREAS the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961)(hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the Notifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial ‘Policy and Promotion) vide S.O. No. 193(E)
