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OFFICE OF THE
COMMISSIONER OF CUSTOMS, |
Government
of India, Ministry of Finance, Department of Revenue, New Delhi, Notification
No.59/2001-CUS. vide F.NO. 605/53/2001-DBK dated 30.05.201, is
reproduced below for the guidance of the importers, clearing agents and trading
public.
Sd/-
C16/30/2001-AP (PORT) (S.
SANKARAVADIVELU)
CUSTOM HOUSE, CHENNAI-1. Dy. COMMISSIONER OF CUSTOMS
(APPG)
DATE: 22.10.2001
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Notification No. 59/2001-Customs
G.S.R. (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. 48/99-Customs dated 29th
April, 1999, namely:-
In
the said notification:-
|
(i) |
in to condition (vi), the
following proviso shall be added, namely,- |
|
|
"Provided that an Annual
Intermediate Licence holder may discharge export obligation by supplying the
resultant products to ultimate exporter holding Annual Advance Licence in
terms of paragraph 7.3 (b) of the Export and Import Policy 1997-2002, notified
by the Government of India in the Ministry of Commerce, vide notification No.
1 (RE-00)/1997-2002 dated the 31st March, 2001:" |
|
(ii) |
in the explanation, after clause |
|
(iii) |
the following clause shall be inserted, namely.- |
|
(iv) |
"Annual Advance Licence
includes Annual Advance Licence for intermediate Supply issued in terms of
paragraph 7.3(b) of the Export and Import Policy 1997-2002, Notified by the
Government of notification No. 1(RE-00)1997-2002 dated the 31st
March, 2001". |
Note : The principal notification No. 48/99-Customs,
dated the 29th April, 1999 was published in the Gazette of India
(Extraordinary), vide GSR No. 299(E), dated the 29th April, 1999 and
last amended by notification No. 30/2001-Customs, dated the 12th
March, 2001 issued vide GSR 171(E), dated the 12th March, 2000.