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Procedure for Import of Certain Items under the India-Nepal Treaty of
Trade Signed on 2.3.2002
Public
Notice No. 9 dated 30th April 2002
Attention
is invited to Government of India, Ministry of Finance (Department of Revenue)
Notification No. 40/ 2002-Customs dated 12th April 2002. As per the
said Notification, import of the items viz. (i) Vegetable fats (Vanaspati) (ii)
Acrylic Yarn (iii) Cooper products falling under Chapter 74 and heading 85.44 of
the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and (iv) Zinc
Oxide is allowed at the rate of duty as indicated therein, upto the quantities
as indicated therein, as per all the conditions specified therein.
In
exercise of powers conferred under Paragraph 2.4 of the Export and Import Policy
2002-2007, as notified in the Gazette of India extraordinary, Part-II Section 3,
Sub Section (ii) vide S.O. No. 349(E) dated 31.3.2002, as amended from time to
time as per provisions at condition no. 3 of the Annexure to Notification no.
40/2002-Customs dated 12.4.2002, the Direction General of Foreign Trade hereby
notifies the following arrangements:
1.
Import of the items (i) Vegetable fats (Vanaspati) (ii) Acrylic Yarn
(iii) Copper products falling under Chapter 74 and heading 85.44 of the First
Schedule to the Customs Tariff Act, 1975 (51 of 1975) and (iv) Zinc Oxide, at
the rate of duty and as per all the conditions specified in Notification No. 40/
2002 - Customs dated 12th April 2002, upto the quantities specified
therein: viz. not exceeding (i) 100,000 MT in case of Vegetable fats (Vanaspati),
(ii) 10,000 MT in case of Acrylic Yarn (iii) 7,500 MT in case of Copper products
falling under Chapter 74 and heading 85.44 of the First Schedule to the Customs
Tariff Act, 1975 (51 of 1975) and
(iv) 2500 MT in case of Zinc Oxide, in a time period, which shall commerce from
the 6th day of March of a given calendar year and end on the 5th
day of March of the succeeding calendar year (the unutilized) quota for any
particular year would lapse and shall not be allowed to be carried forward to
the next year), shall be permitted only through the Land Customs Stations (LCS)
at Kakarbhitta/ Naxalbari, Biratnagar/ Jogbani, Birganj/ Raxaul, Bhairahawa/
Nautanwa, Nepalgunj Road and Mahendranagar/ Banbasa.
2.
The import upto 100,000 MTs of Vegetable fats (Vanaspati) on annual quota
basis as mentioned above shall be made only by the Central Warehousing
Corporation. The actual imports of Vegetable fats (Vanaspati) by Central
Warehousing Corporation would commence with effect from 16th May
2002.
This
issues in the Public interest.
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