Rate of exchange applicable for the purposes of calculation of the anti-dumping duty shall be the rate, which is specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the said Customs Act and the relevant date for determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Customs Act.
The deadline for maize export shipments is extended to 30th Sept 2001 under Public Notice No. 32(RE-2001)/1997-2002.
Amendments in Export & Import Policy, 1997-2002, regarding capital goods import duties, REP licenses, and gem & jewelry sector norms.
Attention is invited to the entry at Code No. 5205 in Table B of Schedule 2 and Sl.No.6 of Appendix-I to Schedule 2 in the book titled “ ITC(HS) Classifications of Export and Import Items, 1997-2002” (incorporating amendments made upto 31st August,1998) and as amended from time to time.
DGFT announces updates to standard input-output norms for chemicals, engineering, and textile products under Public Notice No. 30 (RE-2001).
In exercise of the powers conferred by section 37 of the Central Excise Act,1944 (1 of 1944), the Central Government hereby makes the following rules to amend the CENVAT Credit Rules, 2001
As instructed even earlier, serious view may be taken where the delays are on account of CHAs & steps should be taken to ensure that they realize their responsibilities under CHA regulations and expedite action where the Bills of Entry/Shipping Bill is returned to them – for giving reply to query/arranging examination of goods/payment of duty etc.
Notification No. 9/2001-Central Excise dated the 1st March, 2001 was published in the Gazette of India, Extraordinary vide G.S.R 134 (E) dated the 1st March, 2001 and was last amended by notification No. 23/2001-Central Excise dated the 30th April, 2001 [G.S.R 312 (E) dated the 30th April, 2001.
Provided that in the case of a unit having an original value of investment in plant and machinery installed in the factory below rupees twenty crore on the date of commencement of commercial production in that unit, the exemption contained herein shall apply only for the first clearances upto an aggregate value not exceeding twice the value of such investment from the date of commencement of commercial production, in each year
For the removal of doubt, it is hereby clarified that “original value of investment in plant and machinery installed in the factory”, shall be the original value as determined in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India on Accounting for Fixed Assets.
