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OFFICE OF THE
COMMISSIONER OF CUSTOMS, |
PUBLIC
NOTICE NO. 210 / 2001
Government of India, Ministry of
Finance, Department of Revenue, New Delhi, Notification No. 58/2001 – Cus vide
F.No.605/53/2001-DBK dated 30.05.2001, is reproduced below for the guidance of
the importers, clearing agents and trading public.
C16/15/1997-AP (PORT) (S.
SANKARAVADIVELU)
CUSTOM HOUSE, CHENNAI-1. DY. COMMR. OF CUSTOMS (APPG)
DATE: 19.09.2001
Notification No. 58/2001-Customs
G.S.R. 399 (E):- 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 amendment in the
notification of the Government of India in the Ministry of Finance (Department
of Revenue), No. 29/97-Customs dated 1st April, 1997, namely:-
In the said notification, in paragraph 2, in
condition (7), after the second proviso, the following proviso shall be
inserted, namely:-
"Provided also that where the importer fulfils
60% or more of the export obligation within the period of 8 years, the
licensing authority may grant extension of the period of export obligation by
two years (including the period of one year specified in the preceding
proviso)".
Note : The principal notification No. 29/97-Customs, dated the 1st April, 1997 was published in the Gazette of India (Extraordinary), vide GSR No. 185(E), and it was last amended by notification No. 52/2000-Customs, dated the 28th April, 2000 vide GSR No. 370(E).
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