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Customs Notification No-112/2004 dated 19.11.2004
Amendments in the Cus Ntf No. 21/2002 dated. 01.03.2002
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 makes the following further
amendments in the notification of the Government of India in the Ministry of
finance (Department of Revenue), No. 21/2002-Customs, dated the 1st March, 2002,
namely :
In the said notification, -
(i) in the Table, after Sr. No. 167B and the entries relating thereto, the
following Sr. No. and entries shall be inserted, namely,-
Sr. No. | Chapter or Heading or sub-Heading | Description of goods | Standard rate | Additional duty rate | Condition No |
---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) |
"167C | 57 | Samples of hand knotted carpets | Nil | Nil | 21C"; |
(ii) in the annexure, -
(a) in condition No. 21, for condition (b), the following condition shall be
substituted, namely, -
"(b) the total value of goods imported shall not exceed 3 percent of the FOB value of textile garments (other than handloom garments) or leather garments, as the case may be,or 5 percent of the FOB Value of handloom garments exported during the preceeding financial year; however, the value of lining and inter-lining materials imported shall not exceed 2 percent of the said total value".
(b) after condition No. 21B and the entries relating thereto, the following
condition No. and entries shall be inserted namely, -
Condition No | Condition |
---|---|
"21C | If, - (a) the total value of goods imported shall not exceed 1 per cent of the FOB value of exports of carpets during the preceding financial year; (b) the importer produces a Certificate from Carpet Export Promotion council certifying the value of exports made during the preceding financial year, mentioned in condition(a), and also the value and quantity of goods already imported under this notification during the current financial year." |
Sd/-
(H.K. Prasad)
Under Secy.
F. No. 605/40/2004-DBK