In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation ) Act, 1992 ( No. 22 of 1992 ) read with Paragraphs 1.3 and 4.11 of the Export and Import Policy, 1997-2002 (incorporating amendments made upto 31.3.2001), the Central Government hereby makes the following amendment in the ITC(HS) Classification of Export and Import items, 1997-2002 (incorporating amendments made upto 31st August, 1998 ) and as amended from time to time.
The Principal notification No. 77/98 – Customs, dated the 16th October, 1998 was published in the Gazette of India, Extraordinary vide GSR 623(E), dated the 16th October, 1998 and was lastly amended by notification No. 30/2001-Customs vide GSR 171 (E) dated the 12th March, 2001. The Principal notification No. 48/2000-Customs dated the 25th April, 1997 was published in the gazette of India, Extraordinary vide GSR 349(E) dated the 25th April, 2000 and was lastly amended by notification no. 30/2001-customs vide GSR 171 (E) dated, the 12th March, 2001.
8A Penal rate of interest.- A penal rate of interest of eighteen percent shall be paid for the overdue period in case of public deposits matured and claimed but remaining unpaid. In case of deposit made by a small depositor, the penal rate of interest shall be twenty per cent. compoundable on an annual basis.
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 principal notification No.50/2000-Customs, dated the 27th April, 2000 was published in the Gazetted of India,. Extraordinary vide GSR NO. 366(E), dated the 27th April, 2000 and it was amended by notification No. 140/2000-Customs, dated the 14th November.
In exercise of powers conferred by section 5 of the Foreign Trade (Development and Regulation) Act,1992 (No.22 of 1992) read with paragraph 1.3 and 4.11 of the Export and Import Policy ,1997-2002 (incorporating amendments made upto 31.3.2001), the Central Government hereby makes following amendments in the “ITC(HS) Classifications of Export and Import Items 1997-2002.
For the purposes of this notification, the anti-dumping duty shall be calculated in Indian currency and the “rate of exchange” applicable for the purposes of calculation of such 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 under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and the relevant date for the 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 principal notification was published in the Gazette of India, Extraordinary, vide notification No. 17/2001-Customs, dated the 1st March, 2001 [G.S.R.116 (E), dated the 1st March, 2001] and was last amended by notification No. 117/2001-Customs, dated the 13th November, 2001.
The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 32/2001-Central Excise, dated the 28th June, 2001 [G.S.R. 490 (E), dated the 28th June, 2001] and was last amended vide notification No. 41/2001-Central Excise, dated the 21st September, 2001[G.S.R. 683 (E), dated the 21st September, 2000.
In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, except as respects things done or omitted to be done before such amendment, namely :-
