Attention is invited to Public Notice No.12/2004-09 dated 4.10.2004 whereby the annual quota of 100,000MTs of Vegetable Fats (Vanaspati) for thefinancial year 2004-2005 from Nepal was permitted for import from 6.12.2004 to 5.3.2005. It has now been decided to extend the validity period for TRQ vanaspati imports from Nepal into India in respect of the current financial year 2004-05 upto 5.6.2005.
Notification No.75/2005 – Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income Tax Act, 1961, read with Rule 6 of the Income tax Rules, 1962 under the category “Institution” subject to the following conditions
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 amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue, No. 62/94-CUSTOMS (N.T.), dated the 21st November, 1994, namely.
A similar matter was considered by the PRC during its meeting held on 14-01-05. On the basis of the decision taken therein, it is here by clarified that in case of E-Commerce application, the date on which E-Commerce application is submitted and E-Commerce file number is generated would be considered as the date of filing of application. However the hard copy of the application must be submitted to the concerned RLA within 15 days of filing E-Commerce application. Suitable amendment would also be carried out in the Handbook of Procedures, Vol.l.
It has been brought to the notice of the Board that after the issuance of Let Export Order (LEO) and before goods are actually loaded in the Aircraft, Airlines seeks permission twice from Customs once for palletisation and other at the time of actual loading for e.g. Delhi Airport. It is felt that when the palletisation is done after the Let Export Order then there is no need for a separate permission from Customs for palletisation.
Central Government being satisfied that it is necessary in the public interest to do so, 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, namely.
The Board has felt the need to train the officers engaged in the work of assessment, examination etc. so that they can efficiently deal with the situations arising in the day today work relating to clearance of goods. The concerned officers at implementation level need to know about the various legal provisions as amended from time to time.
It has been brought to the notice of the Board that presently the containers which are subjected to Green Channel facility are also moved to the Customs area from Ports for the purpose of examination. It has been suggested that importers should be allowed to clear the Green Channel containers directly from the ports without transhipping the same to the Customs area.
The Board is considering to give impetus to the electronic filing of documents specially to those Custom House Agents, Exporters and Importers who clear goods themselves. The filing of documents through ICEGATE needs to be encouraged to those who have significant workload in terms of number of documents to be filed. The Indian Customs is gearing up to accept the global challenge and expected to be fully computerized in a few years and hence there is need to move forward towards e-filing progressively.
It has been brought to the notice of Board that significant time is taken by the importers for payment of duty after the Bill of Entry is assessed. This increases overall dwell time for cargo clearance as well as straining our infrastructure at customs ports. As a step to reduce the time gap between assessment and payment of duty, the Board has decided to introduce a system of disincentive.
