The principal notification was published in the Gazette of India vide notification No.62/94-Customs (N.T.), dated the 21st November, 1994 (S.O. No.829 (E), dated the 21st November, 1994 and was last amended by notification No.80/2008-(N.T.)- CUSTOMS, dated 26th June, 2008(S.O.No.1567 (E), dated 26th June, 2008).
Import Policy under Exim Code No. 2803 00 10 shall be amended to read as “Free” (instead of “Restricted”), provided cif value is Rs. 80,000/- PMT and above. However, import of items under this Code, priced below Rs. 80,000/- PMT shall continue to be restricted.
In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes following amendments to Notification No.93(RE-2007)/2004-2009 dated 1st April, 2008 as amended from time to by substituting Para 2.1.7 added vide Notification No.48 (RE-2008)/2004-09 dated 13th October, 2008, read with Notification No.53 (RE-2008)/2004-09 dated 4th November, 2008.
Notification No. 5/2009 – Service Tax In exercise of the powers conferred by sub-section (1A) of section 86 of the Finance Act, 1994 (32 of 1994) , the Board hereby further makes the following amendments in the notification of the Government of India, Ministry of Finance, Department of Revenue, No. 19/2007-Service Tax, dated the 12th May, 2007, namely:-
The issue relating to the Bank guarantees/LUTs executed between the period from 30.06.2008 to 17.11.2008 by pharmaceutical units in lieu of drug manufacturing authorizations was raised in Port Officers’ Meeting held on 25.11.2008 wherein it was clarified that the Bank Guarantees/LUTs submitted to RAs in lieu of submission of DML for obtaining EPCG authorizations may be returned to the pharmaceutical units, upon obtaining an undertaking from such units that they are required to submit DML within a period of three years from the date of issue of EPCG authorisation.
Notification No. 4/2009-Service Tax In exercise of the powers conferred by sub-section (1A) of section 86 of the Finance Act, 1994 (32 of 1994) , the Board hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance, Department of Revenue, No. 18/2007-Service Tax, dated the 12th May, 2007, namely:- in the said notification, in the Table, for serial number 21 and the entries relating thereto,
Notification No. 3/2009-Service Tax In exercise of the powers conferred by sub-section (1A) of section 86 of the Finance Act, 1994(32 of 1994), the Central Board of Excise and Customs makes the following further amendments in the notification of the Government of India, Ministry of Finance, Department of Revenue, No. 19/2007-Service Tax published vide number G.S.R.354(E), dated the 12th May, 2007, namely:-
In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-09 and Paragraph 1.1 of the Handbook of Procedures (Vol.1), the Director General of Foreign Trade hereby makes the following amendments/ additions/deletions/corrections in the Handbook of Procedures, Vol.2, and 2004-2009, as amended from time to time.
Fulfillment period of EO under Advance Authorisation shall commence from Authorisation issue date, unless otherwise specified. EO shall be fulfilled within 24 months except in case of supplies to projects / turnkey projects in India /abroad under Deemed Export category where EO must be fulfilled during contracted duration.
Notification No. 2/2009 – Service Tax In exercise of the powers conferred by sub-section (1A) of section 86 of the Finance Act, 1994(32 of 1994), the Central Board of Excise and Customs makes the following further amendments in the notification of the Government of India, Ministry of Finance, Department of Revenue, No. 18/2007-Service Tax published vide number G.S.R.353(E), dated the 12th May,
