In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of the 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.10/2005-NT-Customs, dated the 25th January, 2005 [S.O.84(E), dated the 25th January, 2005], the Board hereby determines for the purposes of said section relating to export goods, that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II appended hereto into Indian currency or vice versa shall, with effect from the 1st March, 2005.
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.9/2005-NT-Customs, dated the 25th January, 2005 [S.O.83(E) dated the 25th January, 2005], the Board hereby determines for the purposes of said section, relating to imported goods, that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II appended hereto into Indian currency or vice versa shall, with effect from the 1st March, 2005.
(i) against S.No.1, for the entry in column (4), the entry 40% shall be substituted; and (ii) against S.No.2, for the entry in column (4), the entry 40% shall be substituted.
Notification No. 27 (RE-2004)/2004-09 updates the Target Plus scheme in the Foreign Trade Policy, 2004-09, regarding precious metals and jewelry, issued in public interest.
Public Notice No. 56 (2004-2009) corrects an entry in the DEPB schedule for engineering products, specifically for stainless steel castings, issued in public interest.
In exercise of powers conferred by the sub-clause (iv ) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the The Theosophical Society, Adyar, Chennai for the purpose of the said sub-clause for the assessment year 2005-2006 to 2007-2008 subject to the following conditions
The apex court in Hindustan Steel Ltd. v. State of Orissa had long ago settled the law that penalty is not to be ordinarily imposed unless the party either acted deliberately in defiance of law and was guilty of conduct contumacious or dishonest or acted in conscious disregard of its obligations. Penalty will also not be imposed merely because it is lawful to do so.
mport of textile and textile articles is permitted subject to the condition that they shall not contain any of the hazardous dyes whose handling, production, carriage or use is prohibited by the Government of India under the provisions of clause (d) of subsection (2) of section 6 of the Environment (Protection) Act, 1986 (29 of 1986) read with the relevant rule(s) framed there under.
Clearance of waste oil/sludge derived from the normal course of a ship’s operation and covered by the MARPOL Protocol will be allowed without a license only to those persons who are registered with the Ministry of Environment and Forests or the Central Pollution Control Board, as the case may be, for re-processing waste. Such waste oil/ sludge will conform to the definition in schedule 3 of the Hazardous Waste (Management and Handling) Amendment Rules,2003.
Import of textile and textile articles is permitted subject to the condition that they shall not contain any of the hazardous dyes whose handling, production, carriage or use is prohibited by the Government of India under the provisions of clause (d) of subsection (2) of section 6 of the Environment (Protection) Act, 1986 (29 of 1986) read with the relevant rule(s) framed there under. For this purpose, the import consignments shall be accompanied by a preshipment certificate from a textile testing laboratory accredited to the National Accredition Agency of the Country of Origin.
