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OFFICE
OF THE COMMISSIONER OF CUSTOMS, |
PUBLIC NOTICE NO.
271 /2001
Government
of India, Ministry of Finance, Department of Revenue, New Delhi, Notification
No.40/2001-Cus. (N.T.) vide F.No.471/10/2001-LC dated 22.05.2001, is reproduced
below for the guidance of the importers, clearing agents and trading staff.
C16/105/2001-AP (PORT)
(S. SANKARAVADIVELU)
CUSTOM HOUSE, CHENNAI-1. DY. COMMR. OF CUSTOMS (APPG)
DATE:05.11.2001
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NOTIFICATION
NO.40/2001-CUS (N.T.)
F.NO.471/10/2001-LC DATED
22.05.2001
S.O.
No...........................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.".
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].
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