For the purposes of conversion of the amount specified in column (3) of the Table above into India currency, the “rate of exchange” applicable shall be the rate profited by the central Government under sub-clause (I) of clause (a) of sub-section (3) of section 14 of the said Customs Act, and in force on the date on whish the bill or entry is presented under section 46 of the said Customs Act.
In exercise of the powers conferred by sub-section (2) of section 9A of or Customs Tariff Act. 1975 (51 of 1975) rend with rule 13 of the Customs Tariff (Identification, Assessment and collection of Anti-dumping duty on Dumping Articles and for Determination of Injury) Rules. 1995. The Central Government rescinds the notification of the Government of India in he Ministry of Finance (Department of Revenue). No. 125/99-customs, dated the 15th, November, 1999, published in the Gazette of India, Extraordinary, Part II Section 3, Sub section (I) vide G.S.R. 773 (R), dated the 15th November, 1999.
WHEREAS in the matter of import of Acrylic Fibre falling under Including Nos. 5501 and 5503 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating In or exported from Turkey, the designated authority, vide its preliminary findings, published in the Gazette of India Extraordinary, Part I, Section I, dated the 15th October. 1999.
Notification No. 1093-Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 1999-2000, 2000-2001 and 2001-2002.
Notification No. 11368-Income Tax It is notified for general information that the enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the asst. yrs. 1999-2000, 2000-2001 and 2001-2002.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with section 3A of the Customs Tariff Act, 1975 (51 of 1975), the Central Government being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 17/2000-Customs, dated the 1st March, 2000, published in the Gazette of India Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R. 169(E), dated the 1st March, 2000.
In exercise of powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (51 of 1962), read with sub-section (4) of section 90 of the Finance Act, 2000 (10 of 2000), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in me Ministry of Finance (Department of Revenue), No.19/2000-Customs, dated the 1st March, 2000, published in me Official Gazette vide number G.S.R.171(E), dated the 1st March, 2000.
Provided further that the exemption under this notification shall not be applicable in respect of goods mentioned against serial No.3, where me mode of levy of duty of customs under me said First Schedule is ad valorem or specific, whichever is higher, if the sum of duly calculated at such ad valorem rate and the surcharge calculated on the basis of the ad valorem duty exceeds the amount of duty calculated at the specific rate.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods falling under sub-heading Nos. 0902.10, 0902.20, 0902.30, 0902.40 and 2101.20 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), from so much of the duty of customs leviable thereon under the said First Schedule, as is in excess of the amount calculated at the rate of 7.5 percent ad valorem, subject to the following conditions, namely.
(i) condition (3) shall be omitted;(ii) in the Table,- (a) LIST-4 shall be omitted, (b) in LIST-5, in column 2, in item 1, for sub-item (a), the following shall be substituted, namely:- (a) goods mentioned in lists 1,2 and 3 and Notification No. 60/2000-Cus., dated 12-5-2000.
