In the case of exports on an outright purchase in advance as per paragraph 8.59(ii) of the Handbook (Vol 1), the exports have to be completed within a maximum period of 180 days from the date of outright purchase of the precious metal provided the outright purchase was made on or before 11th September, 2001.
The principal notification was published in the Gazette of India videG.S.R. 409(E), dated the 1st June, 2001, and it was amended vide notification No.30/2001-Customs(N.T.) dated the 22nd June,2001 videG.S.R.No.451(E) and notification No.50/2001-Customs(N.T.) dated the 4th October, 2001.
In exercise of the powers conferred by sub-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.56/2001-NT-Customs, [S.O.1061(E)] dated the 25th October, 2001 the Central Government hereby determines for the purposes of said section in so far as these relate to export goods, that the rate of exchange of conversion of each of the foreign currency specified in the column (2) of Schedule I and Schedule II appended hereto into Indian Currency or vice versa shall, with effect from the 1st December, 2001
In exercise of the powers conferred by sub-section (2) of section 20 of the Indian Stamp Act 1899 (2 of 1899) and sub-clause (i) of clause (a) of sub-section (3) of Section 14 of Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.55/2001-NT-Customs, [S.O.1060(E)] dated the 25th October, 2001 the Central Government hereby.
Representations have been received from the trade that field formations have not been allowing All Industry Rates of Drawback fixed for Ready-made Garments to Embroidered Garments and the rates fixed for Textile Made-ups to Quilted Textile Made-ups.
Suitable public notice for information of the trade and standing orders for guidance of the staff may kindly be issued accordingly.
In exercise of powers conferred under paragraph 4.11 of the Export and Import Policy 1997-2002, the Director General of Foreign Trade hereby announces All Industry rate of duty drawback for the period from 1-6-2000 to 31-3-2001 as under.
The ROCs are advised to take into account the provisions of the above-said Emblems & Names Act while making names available to companies under the Companies Act, 1956.
Circular No. 602/39/2001-CX I am directed to say that representations have been received in the Board to allow merchant exporters to get export goods manufactured by another manufacturer/ processor under claim of rebate on duty paid on inputs under Notification No. 41/2001-Central Excise (N.T.) dated 26th June, 2001 on the lines of Circular No.164/75/95-CX dated 18.12.95 and modify Para 8.2 of the Part-V of Chapter-8 of the Central Excise Manual (effective from 1.9.2001).
In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Government hereby appoints the Commissioner of Customs, Bangalore as the Commissioner of Customs, Tiruchirapalli, Commissioner of Customs, Air Cargo Complex, Chennai and Commissioner of Customs, Custom House, Chennai for the purpose of adjudication of show cause notices.
