Rupee plunges to record low of 55.47 against Dollar Justice VS Sirpurkar is Chairman of Competition Appellate Tribunal AK Pandey appointed as High Commissioner to New Zealand Facebook shares drop below issue price FM okays transfer & posting orders of Commissioners of Customs & Excise-A dozen Commissioners posted in NCR in transfer list-Commissioner Gurgaon & Ghaziabad also in the list according to North Block sources Government tables White Paper on Black Money in Parliament India's first Interactive Online Course on Service Tax launched-Click on the link-Service Tax Online Certification Course-for full details and registration-Course begins on 22nd May 167 IRS(Customs & Excise) Probationers get postings- A dozen Probationers posted in Delhi Central Excise Rajya Sabha passes Finance Bill 2012 Petrol & Diesel prices to be hiked Tariff Value for import of Brass scrap is 4362 & for poppy seeds 3680-for gold 507 per 10 gram & for silver 920 per kg-Customs Non-Tariff Notification No.42 Customs duty exempted on import of 191 Products from Singapore-Customs Tariff Notification No.33 Import of 485 Products from Singapore exempted from Customs duty-Customs Tariff Notification No.34 Import of 496 Products from Singapore exempted from 50 per cent of applied rate of duty-Customs Tariff Notification No.35 Saurabh Chandra gets additional charge of Commerce Secretary ITAT Member N Vasudevan transferred from Mumbai to Bangalore-J Sudhakar Reddy moves from Mumbai to Delhi-IP Bansal from Delhi to Mumbai-IC Sudhir from Pune to Delhi CVD on imported electronics lowered due to higher rates of abatement from RSP notified-Abatement from MRP for excise payment on all electronic products prescribed at uniform rate of 35 per cent-Abatement revised for several products-Central Excise Non-Tariff Notification No.26 Suppliers to Mega Power Projects face silly excise demands-Click on the link below for full details Excise demand of Rs 32 Crore confirmed against Exide for not paying excise on MRP basis on lead acid storage battery RBI says Exporters required to convert 50 per cent of their foreign exchange holdings into Rupee within 15 days-Exporters will be allowed to buy foreign currency only after utilizing all their foreign currency holdings Articles of jewellery exempted from excise duty-Specified Railway Goods manufactured by Government exempted from excise -Central Excise Tariff Notification No.23 Excise on specified Petroleum Oils lowered Eye makeup preparations exempted from excise The excise exemption hitherto admissible on all Hawai Chappals will now be admissible to only Hawai Chappals of RSP up to Rs 500-Polyester staple fibre or polyester filament yarn, manufactured from plastic scrap or plastic waste including waste polyethylene terephthalate bottles exempted from excise-Excise on Motor chassis for vehicles lowered to 14 per cent excise-Excise on LED Lights of Chapter 85 lowered to 6 per cent-Inks for ball point pens exempted from excise-Central Excise Tariff Notification No.24-Parts of Footwear and hawai chappals of RSP not exceeding Rs. 500 per pair exempted from excise if consumed in factory-Central Excise Tariff Notification No.25-Excise exemption to goods required for initial setting up of solar power generation project or facility-Central Excise Tariff Notification No.26 CENVAT Credit (Fifth Amendment) Rules, 2012-No reversal of credit required for supplies made for setting up of solar power generation projects or facilities-Central Excise Non-Tariff Notification No.25 exemption from wholeof the additional duty leviable shall not apply to Hand held Metal/Mine/Bomb detectors etc.-Customs Tariff Notification No.30 Import of specified goods allowed at concessional rate of duty-Customs Notification No.31 FM defers the applicability of GAAR provisions by one year- GAAR provisions will now apply to income of Financial Year 2013-14 and subsequent years-The retrospective clarificatory amendments now under consideration of Parliament will not be used to reopen any cases where assessment orders have already been finalized-long term capital gain arising from sale of unlisted securities in case of non-resident investors, including PE investors lowered to 10 per cent-FM extends benefit of tax exemption on long term capital gains to sale of unlisted securities in IPO-lower rate of withholding tax of 5% for funding all businesses-FM withdraws the provision for levy of TDS on transfer of immovable property-FM raises the threshold limit for TCS on cash purchases of jewellery to Rs.5 lakh-only serious offences under the customs law involving prohibited goods or duty evasion exceeding Rs.50 lakh, shall be cognizable- all these offences shall be bailable-changes in the definition of “service” which will exclude the activities specified in the Constitution as “deemed sale of goods”-The definition of “works contract” also enlarged to include movable properties- Exemption for specified services relating to agriculture in the Negative List extended to agricultural produce enlarging the scope of the entry Anti-dumping duty on imports of Partially Oriented Yarn, originating in, or exported from China-Customs Notification No.22 Customs duty on import of 806 Products from Japan lowered Anti-dumping duty imposed on import of Phosphoric Acid of all grades and all concentrations (excluding Agriculture/FertilizerGrade) , falling under tariff item 28092010, originating in, or exported from,Israel and Taiwan-Customs Tariff Notification No.19 Customs duty on import of composite fertiliser lowered to 1 per cent-Customs Tariff Notification No. 24

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CUSTOMS TARIFF NOTIFICATIONS 2006

Notification No	Subject
142/2006	Exemption from additional duty on import from Nepal Notification 78/2006 amended
141/2006	SAFTA rates on Textile Products Notification No 68/2006 amended
140/2006	SAFTA Import duty on import from South Asian countries Notification No.67/2006 amended
139/2006	Information technology software, other than that on floppy disc or cartridge tape exempted from Special CVD
138/2006	Effective rate of duty for specified woven fabrics Notification No.14/2006 amended
137/2006	Exemption from from duty for import of specified goods from Singapore Notification 75/2005 amended
136/2006	Exemption from from duty for import of specified goods from Singapore Notification 74/2005 amended
135/2006	Exemption to goods imported from Singapore Notification No.73/2005 amended
134/2006	Preferential rate of duty Notification 72/2005 for import of specified goods from Bangladesh,China,Korea & SriLanka also amended
133/2006	Exemption to ITA Bound goods of Chapters 84 & 85 Notification No. 25/2005 amended
132/2006	Exemption to ITA Bound goods of specific heading Notification No.24/2005 amended
131/2006	Exemption to import from Thailand Notification No.85/2004 amended
130/2006	Exemption to import from Afghanistan Notification No.76/2003 amended
129/2006	Effective rate of duty Notification No.21/2002 amended
128/2006	Import under FTA with SriLanka Notification No.26/2000 amended
127/2006	Preferential rate of duty for import from SAARC countries Notification No.105/99 amended
126/2006	Import from Nepal Notification No. 85/98 amended
125/2006	Effective rate of duty for goods of Chapters 70,84,85,90 Notification No. 25/98 amended
124/2006	Import from Mauritius Seychelles or Tonga Notification No. 28/95 amended
123/2006	Import under Agreement of Global System of Trade Preferences Notification No. 236/1989 amended
122/2006	Anti Dumping Notifications amended
121/2006	import of silk fabrics from China
120/2006	Amendment 21/2002
119/2006	Equipment Procured By Delhi Metro
118/2006	anti-dumping duty on POY
117/2006	amends 53/2003 & 54/2003
116/2006	duty free import of wheat allowed upto February 2007
115/2006	Import of Pulses exempted till July 2007
114/2006	duty on High speed Heat-set web offset rotary printing machines
113/2006	Airborne Early Warning and Control System
112/2006	Air Rifles/Pistols Allowed to be imported by NRAI
111/2006	Concessional duty on Palm Oil etc extended upto 31st dec 2006
110/2006	Machinery equipment etc for Project ASTRA of Defence exempted from Customs
109/2006	Rescinds the notification No. 114/2001
108/2006	Continuation of anti-dumping on imports of Sodium Hydrosulphite
107/2006	Notification No.68/20 Rescinded
106/2006	Anti Dumping Duty on import of bias tyres
105/2006	AntiDumping Duty on CD-Rs
104/2006	Polycarbonates Bis-phenol A Epichlorohydrin
103/2006	Anti-dumping duty on imports of D(-) Para Hydroxy
102/2006	Anti-dumping duty on imports of D(-) Para Hydroxy
101/2006	Anti-dumping duty on imports of D(-) Para Hydroxy

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