GOVERNMENT OF INDIA
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT OF COMMERCE
UDYOG BHAWAN
NOTIFICATION NO. 21 (RE – 2012)/2009-2014
NEW DELHI, DATED: 11 October, 2012
Subject: - Effect of Notification No. 7 (RE – 2012)/2009-2014 dated 23.7.2012
S.O. (E) In exercise of powers conferred by Section 5, read along with Section
3(2) of the Foreign Trade (Development and Regulation) Act, 1992, read with
paragraph 2.1 of Foreign Trade Policy, 2009-14, the Central Government hereby
makes an amendment in the Schedule 1 – Import Policy of the ITC (HS), 2012.
- The
Notification No. 7 (RE – 2012)/2009-2014 issued on 23.7.2012 incorporated
the changes in the descriptions of tariff lines in Chapters 24,26,74,75,76,78
and 79 in accordance with the changes in the Finance Bill 2012-13. This
notification was silent on the date on which these changes were to take effect.
Accordingly, some interpreted the changes to take effect from the date of
notification i.e., 23/07/2012 and some others from the date on which Finance
Bill 2012 was passed i.e., 17/03/2012. Therefore, this amendment is being made
to impart greater clarity.
- Accordingly, para 10 of the Notification No. 7 (RE – 2012)/2009-2014 dated
23.7.2012 is amended to add the phrase “and will take effect from 17.03.2012
(the date on which the Finance Bill was passed)” after the existing provision.
Therefore, the amended para 10 would read as under:
“Amendments carried out in the Budget have been incorporated in the ITC(HS) 2012
and will take effect from 17.03.2012(the date on which the Finance Bill was
passed)”.
- Effect of this Notification:
It is clarified that the Notification No. 7 (RE – 2012)/2009-2014 dated
23.7.2012 takes effect from 17.03.2012
(Anup K. Pujari)
Director General of Foreign Trade
E-mail: [email protected]
(Issued from F.No. 01/89/180/27/AM-13/PC-2(A))