Customs Circulars 2005

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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CUSTOM CIRCULARS 2005

Circular No.
Subject
1/2005

2/2005
Clearance of imported metal scraps.
3/2005
All Industry Rates of Duty Drawback, 2004-2005
4/2005
Reference on matters involving interpretation of statutory provisions or the policy provisions or the scope of notification to the Board.
5/2005
Levy and collection of 2% Education Cess on imports under various Export Promotion Schemes.
6/2005
Admissibility of Duty Drawback in Respect of Supplies Effected by DTA Units to Special Economic Zones
7/2005
Extension of   Warehousing Period of Capital Goods imported by EOU/EHTP/STP
8/2005
Discontinuation of removal of petroleum products from one warehouse to another
9/2005
Discontinuation of removal of petroleum & petroleum products from one warehouse to another.
10/2005
Clearance of imported metal scraps
11/2005
Factoring of 2% Education Cess in Brand Rates and Special Brand Rates of Duty Drawback determined under Rule 6 and Rule 7 of the Customs & Central Excise Duties Drawback Rules, 1995
12/2005
Fast Track Clearance Procedure.
13/2005
Delayed, incomplete or incorrect filing of Import Manifest of Import Report
14/2005
Withdrawal of accredited status
15/2005
Filing of documents through ICEGATE
16/2005
Clearance of Green Channel containers directly from the ports.
17/2005
Training for the staff of Customs
18/2005
No requirement of permission for palletisation
19/2005
Admissibility of All Industry Rates of Duty Drawback on Export Goods Manufactured from out of Inputs, some of which are Non-Duty Paid
20/2005
Revised Norms for Execution of Bond and Bank Guarantee under Advance Licence and EPCG Schemes
21/2005
Admissibility of DEPB benefits in respect of supply of goods from the Units in Domestic Tariff Area (DTA) to Units in Special Economic Zone ( SEZ) during the period from 01.04.2003 to 11.5.2004
22/2005
All Industry Rates of Duty Drawback, 2005-06 – Reg.
23/2005
Duty free import of lining and interlining materials under Sr.Nos.167 and 168 read with condition No.21 of notification No.21/2002-Cus. dated 1.3.2002 for garment industry
24/2005
Clearance of imported metal scrap
25/2005
Testing of goods exported under Drawback/DEEC/Pass Book Scheme.
26/2005
Applicability of drawback on exports in CKD/SKD condition
27/2005
28/2005
Classification of Mobile Pen/Pen Drive
29/2005
Re-export of Goods Imported under DFRC Scheme found Unfit for Consumption
30/2005
Annual Supplement to Foreign Trade Policy, 2004-09 – Changes made in EPCG, DFRC, DEPB and Advance Licencing Schemes
31/2005
Containers/cargo—Movement of containers and containerised cargo
32/2005
Clearance of imported metal scrap.
33/2005
Seizure of goods entered for exportation on account of misdeclaration of quantity, value etc. – provisional release instructions
34/2005
Reduction in Export Documentation – Abolition of Various Declarations
35/2005
Clearance of imported metal scrap–Procedure regarding.
36/2005
Revision of Classification of CPU Cooler Fan with Heat sink
37/2005
Importability of Boric Acid
38/2005
Warehousing - Waiver of interest on re-export of warehoused goods u/s 69 of the Customs Act, 1962 –   Clarification thereto
39/2005
Extension of benefit of Notification 21/2002-Cus., dated    1.3.2002, Sl.No. 276, to Computer Casang and Power Supply Unit imported together
40/2005
Clearance of imported metal scrap
41/2005
Eligibility of brand rate of duty drawback where inputs used in the manufacture of export products are imported availing of DEPB
42/2005
Introduction of Accredited Clients Programme (ACP)
43/2005
Introduction of Risk Management System (RMS) in Imports
44/2005
Delayed, incomplete or incorrect filing of Import Manifest or Import Report
45/2005
Transhipment of import and export cargo - waiver of bank guarantee
46/2005
Automation of movement of containerized cargo from Gateway Ports to hinterland ports – SMTP
47/2005
Simplified bond module covering both custodianship and transhipment –multiplicity and multi-utilisation of bond
48/2005
Import of livestock products
49/2005
Amendment to Circular No.58/2004-Cus. dated 21.10.2004.
50/2005
Procedure for disposal of unclaimed/ uncleared cargo under section 48 of the Customs Act, 1962, lying with the custodians
51/2005

52/2005
Procedure for disposal of unclaimed/ uncleared cargo under section 48 of the Customs Act, 1962, lying with the custodians
53/2005
Administrative Control over Special Economic Zones– Instructions
54/2005
Guidelines for compounding of offences under Customs and Central Excise Acts