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Notes


NTBs Notes

Prohibition under Section 11 of Customs Act 1962, relating to Currencies


Jwellery export under Customs Act.


Jwellery other than articles made wholly or mainly of gold: taking by sea or land out of India or the state of Pondicherry, except with the general or special permission of the Reserve Bank of India or the written permission of a person authorised in this behalf by the Reserve Bank of India. [Ref. Notification no. 93 dated 02.09.1961]


Currency Note Design:


Cotton, silk or other woven goods impressed with the designes in limitation of currency notes, promissory notes to stock notes of the Government of India.

Prohibition: Bringing into India by sea or by land [Ref. Ntfn 65-86-100 dated 17.09.1910]


Counterfeit Coins


Any pieces of metal resembling in shape and size, and stamped either on the obverse or on the reverse in imitation of a rupees, half rupee, one quarter rupee, one eighth rupee, an anna, half an anna and a paise. Prohibition: Bringing into India by sea or by land. [Ref. Notification 16 dated 22.01.1952]



Any dye, stamped or engraved with the device of a coin as defined in section 230 of the Indian Penal code, or with any colourable limitation of such device. Prohitbition: Bringing into India by sea or by land. [Ref. Ntfn 17 dated
22.01.1952]



Banking law and guidelines govern the import of Gold and silver as they are currency. Restrictions on import and export under foreign Exchange Management Act apply.



 

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What is New?

Date: 12-04-2024
NOTIFICATION No. 09/2024 – CENTRAL TAX
Seeks to extend the due date for filing of FORM GSTR-1, for the month of March 2024

Date: 10-04-2024
NOTIFICATION No. 08/2024- Central Tax
Seeks to extend the timeline for implementation of Notification No. 04/2024-CT dated 05.01.2024 from 1st April, 2024 to 15th May, 2024

Date: 08-04-2024
Notification No 07/2024 – Central Tax
Seeks to provide waiver of interest for specified registered persons for specified tax periods

Date: 04-04-2024
Notification No. 27/2024 - Customs (N.T.)
Exchange Rate Notification No. 27/2024-Cus (NT) dated 04.04.2024-reg

Date: 26-03-2024
Notification No. 24/2024 - Customs (N.T.)
Exchange Rate Notification No. 24/2024-Cus (NT) dated 26.03.2024-reg

Date: 14-03-2024
NOTIFICATION No. 17/2024-Customs
Seeks to amend notification No. 57/2017-Customs dated 30.06.2017 so as to modify BCD rates on certain smart wearable devices.

Date: 12-03-2024
NOTIFICATION No. 15/2024-Customs
Seeks to amend specific tariff items in Chapter 90 of the 1st schedule of Customs Tariff Act, 1975.

Date: 12-03-2024
NOTIFICATION No. 16/2024-Customs
Seeks to amend Notification No. 50/2017-Customs dated 30.06.2017 so as to change the applicable BCD rate on specified parts of medical X-ray machines.

Date: 07-03-2024
Notification No. 18/2024 - Customs (N.T.)
Exchange Rate Notification No. 18/2024-Cus (NT) dated 07.03.2024-reg

Date: 06-03-2024
Notification No. 13/2024-Customs
Seeks to amend notification No. 50/2017- Customs dated 30.06.2017, in order to reduce the BCD on imports of meat and edible offal, of ducks, frozen, subject to the prescribed conditions, with effect from 07.03.2024.



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