In exercise of the powers conferred by sub-section (2) of section 1 of the Central Excise Tariff (Amendment) Act, 2004 ( 5 of 2005), the Central Government hereby appoints the 28th day of February, 2005, as the date on which the provisions of the said Act shall come into force
In the said notifications, for the references to the Chapter or heading No. or sub-heading No. of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), relating to any goods or class of goods, wherever occurring in the said notification, the corresponding references of the Chapter, heading, sub-heading or tariff item of the First Schedule to the said Central Excise Tariff Act, as amended by the Central Excise Tariff (Amendment) Act, 2004 (5 of 2005) shall be substituted.
Notification No.65/2005 – Income Tax S.O. 258 (E). – In exercise of the powers conferred by item ( h) of sub-clause (iv) of clause (15) of Section 10 of the Income-tax Act, 1961 (43 of. 1961), the Central Government hereby specifies the 40th series of Tax free bonds of rupees 10,00,000 each, carrying an interest rate of 6.25% per annum, aggregating to an amount of Rupees thirty crores only, issued by M/s. North Eastern
Since second hand photocopiers, air conditioners and diesel generating sets (below 10 KVA) etc. are covered under the definition of ‘second hand goods’, therefore their import shall be governed by the provisions of Para 2.17 of Policy and shall not be permitted to be imported under Para 5.1 of Policy.
Transfer of any duty free material imported or procured against advance licence from one unit of the company to another unit of the same company for manufacturing purpose shall be done with the permission of the jurisdictional Excise Authorities with a clear understanding that no benefit of CENVAT shall be claimed on such transferred inputs. However to avail the facility, all such units should be available in the IEC certificate.
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.
