| Date: |
28-08-2001
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| Notification No: |
CUSTOMS NOTIFICATION No 40/2001 (NT)
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| Issuing Authority: |
Indian Customs
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| Type: |
Non Tariff
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| File No: |
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| Subject: |
Notification No. 40 dated 28th August 2001 (NT)
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Notification No. 40 dated 28th August 2001 (NT)
In
exercise of the powers conferred by sub-section (2) of section 14 of the Customs
Act, 1962 (52 of 1962), the Central Government, being satisfied that it is
necessary and expedient so to do, hereby makes the following amendment in the
notification of the Government of India in the Ministry of Finance (Department
of Revenue), No.36/ 2001-Customs dated the 3rd August, 2001, namely:
-
In
the said notification, -
(a)
in the Table, after S.No.3 and the entries relating thereto, the
following serial number and entries shall be inserted, namely :-
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(1)
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(2)
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(3)
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(4)
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4.
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15.11
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Crude
Palmolein
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357�;
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(b)
after the Table, the following shall be inserted, namely :-
�Explanation-
For the purposes of this notification, the rate of exchange applicable for the
purposes of conversion of tariff value shall be the rate which is specified in
the notification of the Government of India in the Ministry of Finance
(Department of Revenue) issued from time to time in exercise of the powers under
sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs
Act, 1962 (52 of 1962) and the relevant date for the determination of the rate
of exchange shall be the date of presentation of the bill of entry under section
46 of the said Customs Act.�.
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