Customs Notifcation-40/2001(NT) Date 28th August, 2001.
Amendment in the Notification No. 36/2001- Customs Dt. 3/8/2001
In exercise of the powers conferred by sub-section (2) of section 14 of the
Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it
is necessary and expedient so to do, hereby makes the following amendment in the
notification of the Government of India in the Ministry of Finance (Department
of Revenue), No. 36/2001- Customs dated the 3rd August, 2001, namely: -
In the said notification, -
(a) in the Table, after S.No.3 and the entries relating thereto, the following
serial number and entries shall be inserted, namely:-
| (1) | (2) | (3) | (4) |
|---|---|---|---|
| " 4. | 15.11 | Crude Palmolein | 357"; |
(b) after the Table, the following shall be inserted, namely:-
"Explanation.- For the purposes of this notification, the rate of exchange
applicable for the purposes of conversion of tariff value 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.".
N. K. Sinha
Under Secretary to the Govt. of India
F.No. 467/51/2001-CUS.V
Note :- The principal notification was published in the Gazette of India
Extraordinary, vide Notification No. 36/2001- Customs, dated the 3rd August,
2001[S.O.No.748-(E), dated the 3rd August,2001].